MARKET CLOSE: NZ shares up as Comvita, A2 rebound from weakness, Steel & Tube keeps dropping

Fri, 25 May 2018

By Sophie Boot May 25 (BusinessDesk) - New Zealand shares gained as Comvita and A2 Milk Co recovered from selling, while Air New Zealand and Steel & Tube Holdings fell. The S&P/NZX 50 Index rose 47.63 points, or 0.6 percent, to 8,638.4. Within the index, 32 stocks rose, 13 fell and five were unchanged. Turnover was $157 million. Comvita led the index higher, up 2.8 percent to $5.96. The manuka honey company's shares had been down 14 percent this week since Monday, when it pulled out of talks with an unnamed third party looking to take...

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