MARKET CLOSE: NZ shares rise on Tegel's Australian access, Trade Me, Spark results

Thu, 18 Aug 2016

By Jonathan Underhill Aug. 18 (BusinessDesk) - New Zealand shares rose after Tegel Group said it had been cleared to export raw poultry to Australia, Trade Me Group reported stronger annual revenue and investors cheered Spark New Zealand's promise of further special dividends in 2017. The S&P/NZX 50 Index gained 30.10 points, or 0.4 percent, to 7,385.12. Within the index, 27 stocks rose, 22 fell and two were unchanged. Turnover was $169 million. Tegel rose 5.5 percent to a record $1.73 after New Zealand's largest poultry company said i...

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