MARKET CLOSE: NZ shares gain; Z rises after selloff slump, Infratil drops

Fri, 02 Oct 2015

By Jonathan Underhill Oct. 2 (BusinessDesk) - New Zealand shares rose, lifting the NZX 50 Index from the lowest level in almost a month, on perceptions the market has become less over-valued after two quarters of decline. Z Energy rose, having slumped yesterday as 30 percent of the company changed hands. Infratil fell to its lowest in more than eight months. The S&P/NZX 50 Index rose 8.07 points, or 0.1 percent, to 5593.50. Within the benchmark index, 24 stocks rose, 15 fell and 11 were unchanged. Turnover was $151 million. Z, the tran...

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