MARKET CLOSE: NZ shares rise in heavy MSCI trading; Synlait, Mercury gain while A2 falls

Thu, 31 May 2018

By Sophie Boot May 31 (BusinessDesk) - New Zealand shares rose in heavy trading as several stocks entered MSCI indices, with new entrant Synlait Milk leading gains alongside Mercury NZ. A2 Milk Co fell. The S&P/NZX 50 Index advanced 10.93 points, or 0.1 percent, to 8,658.79. Within the index, 26 stocks rose, 18 fell and six were unchanged. Turnover was $1.26 billion. Market watchers and market operator NZX had anticipated this might be the biggest ever day of trading for the market, which hit a record $1.6 billion in trading one day in 20...

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