MARKET CLOSE: NZ shares rise as Skellerup posts record profit

Thu, 16 Aug 2018

By Paul McBeth Aug. 16 (BusinessDesk) - New Zealand shares rose, led higher by a record profit from Skellerup Holdings, as investors focused more on domestic earnings than volatility in global markets. Precinct Properties New Zealand also gained. The S&P/NZX 50 index increased 11.42 points, or 0.1 percent, to 8,8998.91. Within the index, 25 stocks gained, 20 fell, and five were unchanged. Turnover was $142.3 million. "Wall Street lost some ground and there's some nervousness overseas, but that hasn't rubbed off on the local market or...

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