MARKET CLOSE: NZ shares rise led by Tegel, Vector while Warehouse, A2 drop

Tue, 20 Dec 2016

By Sophie Boot Dec. 20 (BusinessDesk) - New Zealand shares rose as Tegel Group Holdings continued its rebound from last week's record low while Warehouse Group dropped after weaker earnings guidance. The S&P/NZX 50 Index gained 3.41 points, or 0.05 percent, to 6,789.66. Within the index, 21 stocks rose, 18 fell and 11 were unchanged. Turnover was $151 million. Warehouse Group was the worst performer on the index, down 8 percent to $2.87 after New Zealand’s largest publicly listed retailer said profit may fall between 10 and 15 percent ...

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