MARKET CLOSE: NZ shares mixed; Comvita up, Genesis gains on gentailer yield, Tegel hurt by chicken glut

Fri, 24 Mar 2017

By Jonathan Underhill March 24 (BusinessDesk) - New Zealand shares were mixed, with about the same number of gainers and decliners in the NZX 50 Index. Comvita rose on optimism about its prospects in China, Genesis Energy rose on perceptions that gentailers offer an attractive yield while Tegel Group fell amid concerns ample supplies of chicken are weighing on prices. The S&P/NZX 50 Index rose 11.28 points, or 0.2 percent, to 7,073.83. Within the index, 22 stocks rose, 20 fell and eight were unchanged. Turnover was $172 million. Comvit...

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