MARKET CLOSE: NZ shares rise, Z Energy gains after annual earnings

Thu, 03 May 2018

By Sophie Boot May 3 (BusinessDesk) - New Zealand shares gained, led by Z Energy following its annual results, with Chorus and Genesis also rising. The S&P/NZX 50 Index rose 52.64 points, or 0.6 percent, to 8,546.88. Within the index, 26 stocks rose, 14 fell and 10 were unchanged. Turnover was $125.4 million. Z Energy led the index higher, up 2.9 percent to $7.51. It delivered annual earnings within its lowered guidance, with profits rising as the government looks more closely at pricing strategy in the fuel sector. In the year to Marc...

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