MARKET CLOSE: NZ shares rise as NZ Refining, A2 Milk gain

Thu, 12 Nov 2015

By Sophie Boot Nov. 12 (BusinessDesk) - New Zealand shares rose after New Zealand Refining Co reported better production volumes and margins and A2 Milk Co continued to benefit from Australian speculation that there's a shortage of infant formula in the face of rising Chinese demand. The S&P/NZX 50 rose grew 10.44 points, or 0.2 percent, to 6023.97, having retreated from the record-high close of 6,073.63 reached on Nov. 5. Within the index, 22 stocks rose, 21 fell and seven were unchanged. Turnover was $139.5 million. NZ Refining led...

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