MARKET CLOSE: NZ shares rise; Air NZ, Heartland and A2 gain

Wed, 14 Jun 2017

By Sophie Boot June 14 (BusinessDesk) - New Zealand shares rose, led by Air New Zealand, Heartland Bank and A2 Milk Co. The S&P/NZX 50 Index gained 43.91 points, or 0.6 percent, to 7,483.99. Within the index, 33 stocks rose, 12 fell and five were unchanged. Turnover was $138 million. Air New Zealand was the best performer, up 4.1 percent to $3.195. Australia's High Court has dismissed appeals by Air New Zealand and PT Garuda Indonesia over a 2016 ruling that agreed surcharges on cargo breached that nation's price fixing laws. The tw...

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