MARKET CLOSE: NZ shares rise, led by Summerset, Metlifecare, Comvita falls after flagging poor season

Fri, 23 Feb 2018

By Jonathan Underhill Feb. 23 (BusinessDesk) - New Zealand shares rose as Summerset Group beat its full-year guidance and revealed a big uplift in net tangible assets, stoking optimism Metlifecare will show a similar improvement when it reports next week. Comvita fell saying it expected a below-average honey season for 2018. The S&P/NZX 50 index rose 34.84 points, or 0.4 percent, to 8,301.72. Within the index, 24 stocks gained, 17 fell, and nine were unchanged. Turnover was $171 million. This reporting season is about half-way through...

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