MARKET CLOSE: NZ shares gain as investors take a2 above $9 bln, Air NZ climbs

Thu, 22 Feb 2018

By Paul McBeth Feb. 22 (BusinessDesk) - New Zealand shares rose, led higher by another strong day for a2 Milk Co after signing a supply deal with Fonterra Cooperative Group, while Air New Zealand gained on a higher interim dividend. Tourism Holdings fell despite beating earnings expectations. The S&P/NZX 50 index increased 66.61 points, or 0.8 percent, to 8,266.88. Within the index, 17 stocks gained, 29 fell, and four were unchanged. Turnover was $229 million. A2 Milk led the benchmark index higher, rising 9.8 percent to $12.90 as in...

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