MARKET CLOSE NZ Shares rise as A2 reports strong earnings; Summerset, Freightways extend gains

Wed, 26 Feb 2014

By Suze Metherell Feb. 26 (BusinessDesk) – New Zealand stocks rose as A2 Corp reported strong growth in its first-half sales, while Summerset Holdings and Freightways extended gains made on solid earnings. The NZX 50 Index rose 5.687 points, or about 0.1 percent, to 4973.198. Within the index 30 stocks rose, 16 fell and four were unchanged. Turnover was $112 million. Half of New Zealand’s benchmark index listed companies have reported either full-year or first-half earnings. A2, which makes milk with added protein for health benefits, ro...

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