MARKET CLOSE: NZ shares rise, led by A2 and Synlait; Pushpay falls

Thu, 17 May 2018

By Sophie Boot May 17 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co and Synlait Milk while Pushpay fell after annual earnings met its guidance, disappointing some upbeat investors. The S&P/NZX 50 Index rose 47.87 points, or 0.6 percent, to 8,603.38. Within the index, 27 stocks rose, 15 fell and eight were unchanged. Turnover was $138 million. Yesterday the index dropped 1.8 percent, the worst day the market has had since February, led lower by A2 Milk Co after its outlook disappointed investors. Today, A2 led the market's...

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