MARKET CLOSE: NZ shares gain as Z and Precinct rise; Tower hits record low

Tue, 14 Nov 2017

By Sophie Boot Nov. 14 (BusinessDesk) - New Zealand shares rose, led higher by Z Energy on lingering optimism over the transport fuels company's outlook and Precinct Properties New Zealand which is tapping the listed debt market. Tower hit a record low. The S&P/NZX50 Index gained 31.57 points, or 0.4 percent, to 8,008. Within the index, 23 stocks rose, 20 fell and seven were unchanged. Turnover was $284 million. Z Energy led the index, up 3.5 percent to $7.48. Last Thursday, the company reported it had lifted first-half profit 10 perc...

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