MARKET CLOSE: NZ shares up, A2 and Air NZ continue gains while Kathmandu hits 2.5 year high

Tue, 11 Jul 2017

By Sophie Boot July 11 (BusinessDesk) - New Zealand shares rose, led by A2 Milk's continued strength along with Kathmandu Holdings on a 2.5 year high and Air New Zealand rising. The S&P/NZX50 Index gained 44.62 points, or 0.6 percent, to 7,628.57. Within the index, 30 stocks rose, 12 fell and eight were unchanged. Turnover was $124.5 million. A2 Milk led the index, up 5 percent to $4.02. The stock has gained 80 percent this year as it has found success selling infant formula into China, while its competitors have struggled with that c...

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