MARKET CLOSE: NZ shares inch higher as investors eye upcoming AGMs

Tue, 25 Sep 2018

By Paul McBeth Sept. 25 (BusinessDesk) - New Zealand shares edged higher as investors wait for the upcoming round of annual meetings for a clearer steer on company outlooks. The S&P/NZX 50 index increased 8.45 points, or 0.1 percent, to 9,345.96. Within the index, 22 stocks gained, 20 fell and eight were unchanged. Turnover was $157.5 million. Grant Williamson, a director at Hamilton Hindin Greene, said a number of companies held off providing earnings outlooks at their annual earnings, preferring instead to wait for the AGM. "Aft...

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