MARKET CLOSE: NZ shares rise, A2 Milk hits fresh record, Tegel drops on NZX 50 exit

Fri, 16 Jun 2017

By Sophie Boot June 16 (BusinessDesk) - NZ shares gained as A2 Milk Co rose to a record after upgrading its sales guidance again, and Fletcher Building advanced, while Tegel Group Holdings fell as it left the benchmark index. The S&P/NZX 50 Index rose 36.4 points, or 0.5 percent, to 7,552.75. Within the index, 26 stocks rose, 21 fell and three were unchanged. Turnover was $279 million. A2 Milk was the best performer, up 8.2 percent to $3.85, a record high. The Auckland-based, Sydney-headquartered milk marketer lifted annual sales guid...

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