MARKET CLOSE: NZ shares gain in earnings season curtain call; index changes boost volume

Thu, 28 Feb 2019

By Paul McBeth Feb. 28 (BusinessDesk) - New Zealand shares rose as the local earnings season ended on a sour note, with Air New Zealand confirming a lacklustre result. Tourism Holdings gained after being upgraded after investors digested its earnings this week. The S&P/NZX 50 index increased 43.56 points, or 0.5 percent, to 9,325.03. Within the index, 26 stocks rose, 18 fell, and six were unchanged. Turnover was $247.3 million, with re-weightings to the MSCI index driving up the volume of trading. The bulk of companies with December...

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