MARKET CLOSE: NZ shares rise with global markets; Xero, A2, Nuplex gain while Spark falls

Mon, 25 Jan 2016

By Sophie Boot Jan. 25 (BusinessDesk) - New Zealand shares rose as global markets rallied after a bounce in oil prices, with investors' search for growth pushing Xero, A2 Milk Co and Nuplex up while Spark New Zealand fell. The S&P/NZX 50 Index climbed 53.64 points, or 0.9 percent, to 6175.3. Within the index, 36 stocks rose, nine fell and five were unchanged. Turnover was $99.7 million. "We are having a bit of a rally, consistent with other markets, and driven by higher growth businesses like A2 and Xero," said Shane Solly, director at...

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