MARKET CLOSE: NZ shares rise; Fletcher at highest in 2016, Auckland Airport heavily traded

Tue, 31 May 2016

By Sophie Boot May 31 (BusinessDesk) - New Zealand shares gained as Fletcher Building reached its highest level this year on speculation it will benefit from housing demand, while Auckland International Airport, which fell, was the most heavily traded stock. Orion Health Group, Sky Network Television and Air New Zealand all rose. The S&P/NZX50 Index rose 19.8 points, or 0.3 percent, to 7,039.42. Within the index, 27 stocks advanced, 16 declined and seven were unchanged. Turnover was $473.1 million. Fletcher Building rose 1.5 percent to...

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