MARKET CLOSE: NZ shares gain as Fletcher, MSCI review in focus; Trade Me rises

Wed, 18 Apr 2018

By Paul McBeth April 18 (BusinessDesk) - New Zealand shares gained in light trading as Fletcher Building's discounted rights issue and upcoming MSCI New Zealand index review weighed on investors' minds. Trade Me and Metlifecare increased while Comvita dropped. The S&P/NZX 50 index rose 24.97 points, or 0.3 percent, to 8,369.49. Within the index, 21 stocks gained, 22 fell, and seven were unchanged. Turnover was $85 million, extending yesterday's lacklustre activity. Fletcher Building remained in a trading halt at $6.27 as investors co...

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