MARKET CLOSE: NZ shares higher on gains in large caps, Ryman weighs

Fri, 19 May 2017

May 19 (BusinessDesk) - New Zealand shares rose, led by Kathmandu and Air New Zealand, as improving global sentiment sparked interest in some of the biggest companies on the bourse, although Ryman Healthcare fell after earnings disappointed some investors. The S&P/NZX 50 Index rose 20 points, or 0.3 percent, to 7,392.11. Within the index, 22 rose, nine were unchanged and 19 fell. Turnover was $103 million. Stocks were largely positive across Asia after an overnight rebound on Wall Street with Japan's Topix and Hong Kong's Hang Seng both u...

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