MARKET CLOSE: NZ shares mixed; A2 extends gain on takeover talk; Auckland Airport, Spark fall with kiwi

Tue, 23 Jun 2015

June 23 (BusinessDesk) - New Zealand shares were mixed, with A2 Milk Co leading gainers on expectations the milk marketer will receive a formal takeover offer, while stocks such as Spark New Zealand and Auckland International Airport fell as a declining kiwi dollar rattled offshore investors. The benchmark S&P/NZX 50 Index rose 0.09 points, or 0.002 percent, to 5772.140. Within the index, 24 stocks rose, 22 fell and four were unchanged. Turnover was $137 million, including $29 million of Spark shares. A2 rose 7.6 percent to 71 cents, the...

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