MARKET CLOSE: NZ shares rise, led by Fonterra Fund after Fonterra raises forecast; Spark gains

Thu, 24 Sep 2015

By Suze Metherell Sept. 24 (BusinessDesk) - New Zealand shares rose, led by Fonterra Shareholders' Fund, after the dairy cooperative raised its milk payout forecast while maintain its dividend target. Spark New Zealand gained. The S&P/NZX 50 Index rose 23.59 points, or 0.4 percent, to 5677.93. Within the index, 23 stocks rose, 15 fell and 12 were unchanged. Turnover was $130 million. Units in Fonterra Shareholders' Fund, which give holders access to Fonterra Cooperative Group's dividend stream, led the benchmark index higher, gaining ...

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