MARKET CLOSE: NZ shares rise, led by Trustpower and Xero; turnover gains on index changes,

Wed, 31 May 2017

By Sophie Boot May 31 (BusinessDesk) - New Zealand shares edged up, with international index changes boosting turnover. Trustpower, Xero and Argosy Property gained. The S&P/NZX50 Index rose 6.95 points, or 0.1 percent, to 7,418.9. Within the index, 31 stocks rose, 11 fell and eight were unchanged. Turnover was $270 million. David Price, director of institutional equities at Forsyth Barr, said volumes today had been pumped up by changes to MSCI indices but generally volumes had been weak, and the index was looking flat on the day withou...

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