MARKET CLOSE: NZ shares join global rally amid earnings optimism, led by Summerset, Z

Mon, 26 Feb 2018

By Paul McBeth Feb. 26 (BusinessDesk) - New Zealand shares joined a global rally, buoyed by optimism over local earnings with retirement village operator Summerset Group gaining for a second day, in contrast to rival Metlifecare which disappointed investors. The S&P/NZX 50 index rose 38.81 points, or 0.5 percent, to 8,340.53. Within the index, 18 stocks gained, 23 fell and nine were unchanged. Turnover was $124 million. Stocks across Asia followed Wall Street higher as investors pared their expectations for the Federal Reserve to agg...

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