MARKET CLOSE: NZ shares snap losing streak as A2, blue-chips bounce back
By Paul McBeth
Oct. 12 (BusinessDesk) - New Zealand shares ended a nine-day losing streak, with A2 Milk Co and blue-chip stocks such as Spark New Zealand, Mercury NZ and Auckland International Airport driving the recovery.
The S&P/NZX 50 index increased 122.04 points, or 1.4 percent, to 8,843.24. Within the index, 28 stocks gained, 17 fell and five were unchanged. Turnover was $129.4 million.
The benchmark index fell 4.1 percent for the week. Widespread selling across the globe on Thursday accounted for much of the NZX 50's decline,...
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