MARKET CLOSE: NZ shares rise, Infratil and Tegel gain while A2 drops

Mon, 19 Dec 2016

By Sophie Boot Dec. 19 (BusinessDesk) - New Zealand shares rose, led by Infratil and Tegel Group Holdings, while A2 Milk extended its decline. The S&P/NZX 50 Index gained 26.01 points, or 0.4 percent, to 6,786.25. Within the index, 29 stocks rose, 14 fell and seven were unchanged. Turnover was $94 million. Infratil led the index, up 3.7 percent to $2.695, having dropped 5 cents to $2.60 on Friday. Tegel gained 3 percent to $1.36. The shares hit a record low $1.29 last Thursday after the poultry producer posted a 4 percent decline in f...

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