MARKET CLOSE: NZ shares rise in broad regional rally, Mercury NZ, Kiwi Property gain

Mon, 30 Apr 2018

By Sophie Boot April 30 (BusinessDesk) - New Zealand shares rallied across the board, with Mercury New Zealand and Kiwi Property Group leading the index while Scales Corp and Comvita dropped. The S&P/NZX 50 Index gained 73.21 points, or 0.9 percent, to 8,443.58. Within the index, 40 stocks rose, five were unchanged and five fell. Turnover was $151.3 million. "The index has been trending up since the open really, it's a broad-based rally" said James Smalley, investment advisor at Hamilton Hindin Greene. "There wasn't huge guidance overn...

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