MARKET CLOSE: NZ shares gain as relief rally bolsters pipeline affected Air NZ, Z Energy

Wed, 20 Sep 2017

By Paul McBeth Sept. 20 (BusinessDesk) - New Zealand shares rose for a second day as stocks weighed by fears about the jet fuel shortage in Auckland such as Air New Zealand and Z Energy joined other companies in bouncing back from a recent sell-down. The S&P/NZX 50 index gained 54.71 points, or 0.7 percent, to 7819.24. Within the index, 23 stocks rose, 22 fell and five were unchanged. Turnover was $156 million. Air New Zealand and Z gained after coming under pressure in recent days as investors weighed up the impact of damage to the...

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