MARKET CLOSE: NZ shares rise; A2 gains, Restaurant Brands, Tegel fall on earnings

Thu, 08 Mar 2018

By Sophie Boot March 8 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co, while Restaurant Brands and Tegel dropped after updating their earnings guidance. The S&P/NZX 50 Index gained 74.36 points, or 0.9 percent, to 8,358.7. Within the index, 20 stocks rose, 18 fell and 12 were unchanged. Turnover was $140 million. Peter McIntyre, an investment adviser at Craigs Investment Partners, said the market had done well despite a large number of stocks going ex-dividend today. The local market took off when the Australian market ope...

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