MARKET CLOSE: NZ shares rise; Orion, Comvita gain on news

Wed, 06 Apr 2016

By Sophie Boot April 6 (BusinessDesk) - New Zealand shares rose, led by Orion Health Group reporting another major contract, while Comvita is poised to enter the index of top 50 stocks. The S&P/NZX50 gained 18.46 points or 0.3 percent to 6,734.27 on the same day as Nikko Asset Management's head of equities Stuart Williams described New Zealand's share market as "expensive". Within the index, 24 stocks fell, 17 rose and nine were unchanged. Turnover was $200.3 million. Orion Health Group led the index, up 4.9 percent to $3.67, a five-mo...

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