MARKET CLOSE: NZ shares up 1% to new record, A2 and Fletcher gain

Thu, 07 Jun 2018

By Sophie Boot June 7 (BusinessDesk) - New Zealand shares surged to a fresh record, led by A2 Milk Co and Fletcher Building amid international demand for Kiwi companies. The S&P/NZX 50 Index rose 86.07 points, or 1 percent, to 8,899.52. Within the index, 25 stocks rose, 15 fell and 10 were unchanged. Turnover was $190 million. "It's another very strong day on the market, with good demand particularly from foreign buying - once the Australian market opens about midday, it picks up," said Grant Williamson, director at Hamilton Hindin Gre...

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