MARKET CLOSE: NZ shares rise, A2 Milk and Tower gain, Spark falls

Thu, 01 Dec 2016

By Sophie Boot Dec. 1 (BusinessDesk) - New Zealand shares rose, as investors cheered A2 Milk's growth plans while Tower turned around and Spark dropped. The S&P/NZX50 Index gained 35.79 points, or 0.5 percent, to 6,932.74. Within the index, 31 stocks rose, 16 fell and four were unchanged. Turnover was $189 million. A2 Milk rose 4.9 percent to $2.58. The shares have risen 19 percent since last Tuesday when the company updated shareholders at its annual meeting in Sydney, with the chief executive saying the board wanted to be clear about...

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