MARKET CLOSE: NZ shares rise on a2 bounceback; Tower, Genesis attract investors

Fri, 27 Nov 2015

By Sophie Boot Nov. 27 (BusinessDesk) - New Zealand shares rose as a2 Milk, which had dipped from a record high this week, resumed its rally, and companies held for their relatively high yields, such as Tower and Genesis Energy, gained on speculation the Reserve Bank will cut interest rates next month. The S&P/NZX 50 index rose 13.11 points, or 0.2 percent, to 6101. Within the index, 25 stocks rose, 16 fell and 9 were unchanged. Turnover was $157 million. A2 Milk lead the market, rising 7.3 percent to $1.18. The stock, also listed on t...

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