MARKET CLOSE: NZ shares gain; Metro Glass, Tower, Trade Me rise

Mon, 18 Jul 2016

By Sophie Boot July 18 (BusinessDesk) - New Zealand shares rose, led by Metro Performance Glass, Tower and Trade Me Group, with little corporate news to drive prices ahead of earnings season. The S&P/NZX50 Index rose 33.08 points, or 0.5 percent, to 7,105.96. Within the index, 27 stocks rose, 15 fell and nine were unchanged. Turnover was $139.5 million The local bourse had a positive day despite school holidays and a lack of local news, said Craig Stent, a director at Harbour Asset Management. The consumer price index, which rose...

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