MARKET CLOSE: NZ shares rise in Asian rally; Xero, Spark, Summerset bounce

Wed, 09 Sep 2015

By Suze Metherell Sept. 9 (BusinessDesk) - New Zealand shares rose in a global rally as investors shrugged off worries about China. Spark New Zealand, Summerset Holdings and Fletcher Building advanced as tomorrow's likely rate cut by the Reserve Bank of New Zealand saw traders buy dividend-paying stocks. The S&P/NZX 50 Index advanced 61.12 points, or 1.1 percent, to 5671.43. Within the index, 30 stocks rose, 14 fell and six were unchanged. Turnover was strong at $199 million. Overnight markets on both sides of the Atlantic moved hig...

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