MARKET CLOSE: NZ shares rally, led by A2, F&P Healthcare, Sky TV, Synlait rise; Cavalier jumps

Tue, 05 Jun 2018

By Jonathan Underhill June 5 (BusinessDesk) - New Zealand shares rose after the three-day weekend, led by A2 Milk, Fisher & Paykel Healthcare and Sky Network Television. Cavalier jumped after giving guidance for improved full-year earnings. The S&P/NZX 50 Index rose 120.88 points, or 1.4 percent, to 8,757.04. Within the index, 41 stocks rose, seven fell and two were unchanged. Turnover was $159 million. A2 rose 5.3 percent to $11. The milk marketer has fallen from a peak of $14.62 in late February on concern about increased rivalry in...

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