MARKET CLOSE: NZ shares hit record high for 7th day with Tower, Contact, Genesis gaining

Fri, 11 Mar 2016

By Sophie Boot March 11 (BusinessDesk) - New Zealand shares hit a record high for a seventh straight session, though trading was quieter after yesterday's surprise interest rate cut by the Reserve Bank and volatility in international markets overnight. Tower, Contact Energy and Genesis Energy gained, while Trustpower fell. The S&P/NZX 50 Index rose 7.1 points, or 0.1 percent, to 6,515.42. Within the index, 27 stocks rose, 20 fell and three were unchanged. Turnover was $153.9 million. The index has gained 1.5 percent this week, and has...

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