MARKET CLOSE: NZ shares gain; Auckland Airport edges toward record, Trade Me, Chorus rise

Mon, 04 Jul 2016

By Jonathan Underhill July 4 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to its highest level in almost a month, as investors cheered growth in the number of airlines using Auckland International Airport and the outlook for low interest rates helped lift companies including Trade Me Group, Chorus and Mighty River Power. The NZX 50 gained 14.72 points, or 0.2 percent, to 6,940.95. Within the index, 23 stocks rose, 18 fell and nine were unchanged. Turnover was about $80 million as a typically low-volume Monday was...

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