MARKET CLOSE: NZ shares mixed; Ryman, Metlifecare gain while Fletcher falls

Wed, 09 May 2018

By Sophie Boot May 9 (BusinessDesk) - New Zealand shares were mixed in light trading ahead of next week's major index reweighting, with gains led by the retirement sector and A2 Milk Co, while Heartland Bank and Fletcher Building dropped. The S&P/NZX50 Index rose 25.24 points, or 0.3 percent, to 8,619.83. Within the index, 20 stocks gained, 21 fell and nine were unchanged. Turnover was $110.5 million. "These MSCI changes which get announced on the 14th are holding a spell over the market at the moment," said Peter McIntyre, investment...

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