MARKET CLOSE: NZ shares rise as Steel & Tube bounces, Metro Glass gains

Fri, 03 Jun 2016

By Sophie Boot June 3 (BusinessDesk) - New Zealand shares rose as Steel & Tube Holdings rebounded from yesterday's selldown and as Metro Performance Glass gained. The S&P/NZX 50 Index gained 21.26 points, or 0.3 percent, to 7,024.38. Within the index, 28 stocks rose, 13 fell and nine were unchanged. Turnover was $214.8 million The biggest gainer was Steel & Tube, up 7.1 percent to $1.97. It hit a 15-year low yesterday after saying it was in talks with "multiple agencies" in New Zealand and China over pile casing that was to be used in...

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