MARKET CLOSE: NZ shares rise; A2 gains, Fletcher, Mercury fall on MSCI rumours

Mon, 14 May 2018

By Sophie Boot May 14 (BusinessDesk) - New Zealand shares rose ahead of the MSCI rebalancing tomorrow, with possible addition A2 Milk leading gains while Fletcher Building and Mercury New Zealand, rumoured to be leaving, dropped. The S&P/NZX 50 Index gained 36.54 points, or 0.4 percent, to 8,713.23. Within the index, 19 stocks rose, 17 fell and 11 were unchanged. Turnover was $93 million. The semi-annual MSCI index review announcement is due tomorrow morning New Zealand time. James Lindsay, senior portfolio manager at Nikko Asset Manag...

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