MARKET CLOSE: NZ shares gain, led by Stride Property, A2 Milk ahead of Fed rate announcement

Mon, 19 Sep 2016

By Sophie Boot Sept. 19 (BusinessDesk) - New Zealand shares rose as some investors rummaged for bargains left over from last week's sell-off, with decisions on interest rates in the United States and Japan expected to dominate trading this week. Stride Property, A2 Milk Co, and NZX led the index. The S&P/NZX 50 Index rose 27.6 points, or 0.4 percent, to 7,278.12. Within the index, 24 stocks fell, 21 rose and five were unchanged. Turnover was $111.3 million. The local bourse dropped back nearly 3 percent over the course of last week as...

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