MARKET CLOSE: NZ shares gain as market cheers Fletcher plans, Sky TV, A2, Auckland Airport rise

Thu, 21 Jun 2018

By Jonathan Underhill June 21 (BusinessDesk) - New Zealand shares rallied, pushing the S&P/NZX 50 Index to a record after Fletcher Building detailed its five-year strategy and affirmed guidance. Sky Network Television, A2 Milk, Auckland International Airport and Fisher & Paykel Healthcare rose. The S&P/NZX 50 Index rose 92.99 points, or 1 percent, to 8,998.78. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was $123 million. Fletcher rose 4.2 percent to $6.88 after chief executive Ross Taylor set out his fiv...

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