MARKET CLOSE: NZ shares up 2% as energy stocks rally on expert report; A2, Fisher & Paykel Health gain

Tue, 11 Sep 2018

By Sophie Boot Sept. 11 (BusinessDesk) - New Zealand shares rose strongly in busy trading, led by A2 Milk Co and Contact Energy. Energy stocks gained on the release of a sector report which allayed fears of tighter regulation. The S&P/NZX50 Index gained 176.94 points, or 2 percent, to 9,225.57. Within the index, 38 stocks rose, 10 were unchanged and two fell. Turnover was $203.2 million. Mark Lister, head of private wealth research at Craigs Investment Partners, said the index's gains were being pushed by large stocks. The best perfor...

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