MARKET CLOSE: NZ shares rise, Pushpay and A2 gain while Trustpower, Infratil weaken

Thu, 25 Jan 2018

By Sophie Boot Jan. 25 (BusinessDesk) - New Zealand shares rose, led higher by Pushpay Holdings and A2 Milk Co, with Trustpower and Infratil weakening. The S&P/NZX50 Index gained 45.69 points, or 0.5 percent, to 8,369.78. Within the index, 23 stocks rose, 21 fell and six were unchanged. Turnover was $128 million. Pushpay led the index higher, up 3 percent to $4.18. "It's bouncing back - it has been a bit weak post going into the index a month or so ago," said James Lindsay, senior portfolio manager at Nikko Asset Management. Tru...

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Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

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