MARKET CLOSE: NZ shares rise, led by NZ Refining, Summerset, Trustpower

Wed, 16 Nov 2016

By Sophie Boot Nov. 16 (BusinessDesk) - New Zealand shares rallied, led by New Zealand Refining Co, Summerset Group Holdings and Trustpower, while Auckland Airport dropped. The S&P/NZX 50 Index rose 54.14 points, or 0.8 percent, to 6,824.57. Within the index, 38 stocks gained, eight fell and five were unchanged. Turnover was $172.8 million. "It looks like the reflation story has gone away for the day, Asian markets are strong right across the board," said Peter McIntyre, investment adviser at Craigs Investment Partners. "We've seen bo...

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