MARKET CLOSE: NZ shares rise, paced by Summerset; Spark, Fonterra decline

Wed, 08 Apr 2015

By Suze Metherell April 8 (BusinessDesk) - New Zealand shares rose, paced by Summerset Group Holdings and Ryman Healthcare as investors bought into retirement village operators. Fonterra Shareholders Fund dropped to a record low, as investors mulled the outlook for the dairy sector. The NZX 50 Index rose 4.279 points, or 0.1 percent, to 5859.715. Within the index, 24 stocks rose, 11 fell and 15 were unchanged. Turnover was $108 million. Summerset advanced 0.9 percent to $3.45. Yesterday the retirement village operator said first-quar...

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