MARKET CLOSE: NZ shares rise as investors hunt for yield, caution keeps lid on volumes

Tue, 04 Apr 2017

By Rebecca Howard April 4 (BusinessDesk) - New Zealand stocks were led higher by Meridian Energy as companies with high dividends remained in favour, although trading was light as a dearth of domestic and international drivers kept many investors on the sidelines. The S&P/NZX 50 Index rose 20 points, or 0.3 percent, to 7,244.54. Within the index, 24 stocks rose, 16 fell and 10 were unchanged. Turnover was $166 million. Asian markets saw light trading as investors were cautious ahead of a meeting between US President Donald Trump and hi...

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