MARKET CLOSE: NZ shares rise as blue-chips follow Asia's lead; F&P, KPG fail to fire

Mon, 22 May 2017

By Rebecca Howard May 22 (BusinessDesk) - New Zealand shares rose as companies including Spark New Zealand and SkyCity Entertainment Group joined a rally across Asia, while earnings that met expectations from Fisher & Paykel Healthcare and Kiwi Property Group failed to inspire investors. The S&P/NZX 50 Index rose 17.39 points, or 0.2 percent, to 7409.5. Within the index, 17 rose, 11 were unchanged and 22 fell. Turnover was a relatively quiet $101 million. The local bourse took its lead from Asia with Japan's Topix up 0.4 percent in af...

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