MARKET CLOSE: NZ shares mixed as index rebalancing looms; Pushpay, A2 gain

Mon, 17 Sep 2018

By Paul McBeth Sept. 17 (BusinessDesk) - New Zealand shares were mixed in light trading as investors weighed up the impact of index rebalancing at the end of this week. Growth stocks Pushpay Holdings and A2 Milk Co gained, while Sky Network Television fell. The S&P/NZX 50 index edged up 0.77 of a point, or 0.01 percent, to 9,271.53. Within the index, 20 stocks gained, 23 fell and seven were unchanged. Turnover was $89.4 million. Several Australian stock indices tracked by passive investment funds will rebalance at the end of the week...

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