MARKET CLOSE: NZ shares up, A2 Milk and Auckland Airport rise

Tue, 16 Jan 2018

By Sophie Boot Jan. 16 (BusinessDesk) - New Zealand shares rose in light trading, led higher by A2 Milk Co on a rival's earnings upgrade and Auckland International Airport gaining. The S&P/NZX50 Index gained 39.17 points, or 0.5 percent, to 8,250.54. Within the index, 22 stocks rose, 17 fell and 11 were unchanged. Turnover was $79.9 million. A2 Milk Co led the index, up 3.8 percent to $8. "It's really piggybacking off an earnings upgrade from Bellamy's overnight," said Matt Goodson, managing director at Salt Funds Management. "A lo...

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