MARKET CLOSE: NZ shares join global rally; Air NZ, Port of Tauranga gain

Mon, 08 May 2017

By Rebecca Howard May 8 (BusinessDesk) - New Zealand shares pushed higher, led by Air New Zealand and Port of Tauranga, as the local bourse joined a global rally after Emmanuel Macron was elected president of France with a business-friendly vision of European integration. The S&P/NZX 50 index rose 61 points, or 0.8 percent, to 7,426.460. Within the index, 26 stocks rose, 13 fell and 11 were unchanged. Turnover was $116 million. Across the Tasman, the S&P ASX 200 Index was up 0.5 percent while Japan's Topix added 2.3 percent. "We had...

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