MARKET CLOSE: NZ shares inch higher in tepid trade

Mon, 14 Jan 2019

By Rebecca Howard Jan. 14 (BusinessDesk) - New Zealand shares inched higher in quiet trading as investors await news from offshore. Kathmandu recovered some of its recent losses. The S&P/NZX 50 index rose 8.97 points, or 0.1 percent, to 8,968.55. Within the index, 21 stocks rose, 12 were unchanged and 17 fell. Turnover was $80.6 million. Grant Williamson, a director at Hamilton Hindin Greene, said there was "no theme" to the trading and "all of the movements are pretty tiny." Investors are largely treading water, waiting for lead...

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