MARKET CLOSE: NZ shares gain, led by Chorus, Orion Health, Air NZ while Tower drops again

Wed, 28 Sep 2016

By Sophie Boot Sept. 28 (BusinessDesk) - New Zealand shares rose, with Chorus, Orion Health Group and Air New Zealand recovering losses, while Tower resumed its fall. The S&P/NZX 50 Index gained 37.53 points, or 0.5 percent, to 7,290.45. Within the index, 22 stocks rose, 15 fell and 13 were unchanged. Turnover was $119.6 million. Daniel Metcalfe, a senior investment advisor at OMF, said it was a "dull day" for the local index, without much news from NZX50 participants. Markets overnight had been focussed on the first US presidential ca...

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