MARKET CLOSE: NZ shares rise as Fletcher lifts from slump, A2 gains, Fonterra falls

Tue, 21 Mar 2017

By Jonathan Underhill March 21 (BusinessDesk) - New Zealand shares rose as Fletcher Building made up some ground after yesterday's downgrade-induced slump, while A2 Milk and Goodman Property Trust gained. Fonterra Shareholders' Fund fell ahead of its first-half results tomorrow. The S&P/NZX 50 Index rose 28.50 points, or 0.4 percent, to 7,085.55. Within the index, 27 stocks rose, 18 dropped and five were unchanged. Turnover was $149 million. Fletcher gained about 1 percent to $8.36, having slumped 10 percent yesterday after unexpectedl...

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