MARKET CLOSE: NZ shares surge to record as market reopens; Synlait, a2 gain

Wed, 29 Aug 2018

By Sophie Boot Aug. 29 (BusinessDesk) - New Zealand shares surged to a record as the market reopened after yesterday's platform failure. Synlait Milk and A2 Milk Co led the gains. The S&P/NZX50 Index gained 148.65 points, or 1.6 percent, to 9,362.67. Within the index, 35 stocks rose, 8 dropped and 7 were unchanged. Turnover was $216.8 million. Yesterday the local market was suspended for most of the day due to system faults. NZX is investigating the cause, which it aims to have completed within a week. "I don't know if there's a bit...

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