MARKET CLOSE: NZ shares rise as investors seek stability; Spark NZ, Precinct Properties, Summerset up

Tue, 28 Jun 2016

By Sophie Boot June 28 (BusinessDesk) - New Zealand shares rose as investors embraced the local market's insulation from global turmoil and high yields, with Spark New Zealand, Precinct Properties and Summerset Group rising. The S&P/NZX 50 Index gained 29.65 points, or 0.4 percent, to 6,716.58. Within the index, 31 stocks rose, 13 fell and six were unchanged. Turnover was $152.4 million. The local bourse dropped 2.3 percent on Friday after the United Kingdom referendum vote to leave the European Union. It recovered yesterday and has...

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