MARKET CLOSE: NZ shares rise; Summerset gains on 1Q sales

Tue, 07 Apr 2015

By Suze Metherell April 7 (BusinessDesk) - New Zealand shares rose, paced by Summerset Group Holdings after it posted record first quarter sales. SkyCity Entertainment Group and A2 Milk Co fell as the strong kiwi dollar weighed on stocks with trans-Tasman exposure. The NZX 50 Index rose 24.041 points, or 0.4 percent, to 5855.436. Within the index, 31 stocks rose, 13 fell and six were unchanged. Turnover was below average at $80 million. Summerset gained 3 percent to $3.42 after the retirement village operator said first quarter sales o...

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