MARKET CLOSE: NZ shares rally on A2 forecast; Fletcher, Tegel climb from lows

Wed, 26 Apr 2017

By Jonathan Underhill April 26 (BusinessDesk) - New Zealand shares rose, joining a global rally, with A2 Milk up after raising its full-year revenue guidance, Fletcher Building and Tegel Group climbing from their recent lows and Spark rising on demand for its attractive yield. The S&P/NZX 50 Index gained 112.2 points, or 1.6 percent, to 7335.14. Within the index, 33 stocks gained, 14 fell and three were unchanged. Turnover was $272 million, including $122 million in Spark shares. Shares rose on Wall Street, with the Nasdaq Composite I...

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