MARKET CLOSE: NZ shares rise as investors second guess index changes; Fletcher gains; a2 falls

Tue, 08 May 2018

By Paul McBeth May 8 (BusinessDesk) - New Zealand shares rose, joining a regional rally, as investors predict whether an upcoming MSCI index review will spur major activity next week. Fletcher Building, which could exit the index, gains, while new addition a2 Milk Co fell. The S&P/NZX 50 index increased 6.65 points, or 0.1 percent, to 8,594.59. Within the index, 29 stocks gained, 12 fell and nine were unchanged. Turnover was $132 million. Investors are waiting to see the outcome of upcoming MSCI index changes after the rapid ascent o...

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