MARKET CLOSE: NZ shares rise on school holiday volumes, A2 Milk, Air NZ gain

Thu, 14 Jul 2016

By Sophie Boot July 14 (BusinessDesk) - New Zealand shares edged up on smaller than normal volumes as investors took a "breather", with A2 Milk Co, Air New Zealand and Steel & Tube Holdings gaining. The S&P/NZX 50 Index rose 16 points, or 0.2 percent, to 7.080.32, a record high. Within the index, 27 stocks gained, 18 fell and six were unchanged. Turnover was $120.3 million. Anthony Halls, portfolio manager at Mint Asset Management, said local investors had taken "a bit of a breather today with no offshore news to push the market aroun...

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