MARKET CLOSE: NZ shares hit record amidst rebalancing, Comvita and Sky TV gain while Pushpay, A2 drop

Fri, 16 Mar 2018

By Sophie Boot March 16 (BusinessDesk) - New Zealand shares rose in heavy turnover amidst index rebalancing, with Comvita and Sky Network Television gaining while Pushpay and A2 Milk Co dropped. The S&P/NZX 50 Index gained 9.75 points, or 0.1 percent, to a record 8,477.08. Within the index, 20 shares rose, 19 fell and 11 were unchanged. Turnover was $345 million. Both the local benchmark index and the S&P/ASX indices were rebalanced today. Moving out of the NZX 50 was Metro Performance Glass, replaced by Gentrack Group. Metro Glass was...

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