MARKET CLOSE: NZ shares rise, Summerset, Air NZ and Steel & Tube gain

Fri, 14 Oct 2016

By Sophie Boot Oct. 14 (BusinessDesk) - New Zealand shares rose slightly, led by Summerset Group Holdings and Air New Zealand, while Steel & Tube Holdings also gained. The S&P/NZX50 Index rose 13.21 points, or 0.2 percent, to 7,133.26. Within the index, 26 stocks rose, 16 fell and eight were unchanged. Turnover was $111 million. "We are a touch firmer but overall it hasn't been a very good week for the market," said Grant Williamson, director at Hamilton Hindin Greene. "The market still seems to be under a bit of selling pressure, but...

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