MARKET CLOSE: NZ shares rise as bargain hunters move on global relief rally

Mon, 07 Jan 2019

By Rebecca Howard Jan. 7 (BusinessDesk) - New Zealand shares rose as improving risk appetite in the wake of strong US jobs data and a note of caution from the US Federal Reserve sparked bargain-hunting in stocks like Kathmandu, Synlait Milk and A2 Milk. The S&P/NZX 50 index increased 62.28 points, or 0.7 percent, to 8,806.04. Within the index, 32 stocks gained, 11 fell and seven were unchanged. Turnover was low at $73.9 million. Stocks across Asia gained sharply after December jobs growth in the US was stronger than expected and afte...

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