MARKET CLOSE: NZ shares rise as Pushpay rebounds, Precinct gains, Sky TV drops

Wed, 20 Jun 2018

By Sophie Boot June 20 (BusinessDesk) - New Zealand shares rebounded from yesterday's 1.2 percent loss, led higher by Precinct Properties New Zealand and Westpac Banking Corp. The S&P/NZX 50 Index rose 42.55 points, or 0.5 percent, to 8,905.79. Within the index, 30 stocks rose, 15 fell and five were unchanged. Turnover was $138.9 million. "Overall, sentiment has been fairly positive. It was a bad day for the market yesterday and recovery today - it's not a bad result given the performance of the US market last night," said Grant Davies...

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