MARKET CLOSE: NZ shares nudge higher; ports gain ahead of Northport study

By Paul McBeth | Wed, 11 Dec 2019


New Zealand shares edged higher after a late rally, with most port stocks stronger ahead of tomorrow’s release of the upper North Island supply chain study recommending Northport take over as the principal import port for Auckland.  The S&P/NZX 50 Index increased 7.74 points, or 0.1 percent, to 11,291.96. Within the index, 19 stocks rose, 20 fell, and 11 were unchanged. Turnover was $119.1 million. Equity markets across Asia were mixed as investors await the upcoming British election and ongoing trade talks between China and the US. Hong...