MARKET CLOSE: NZ shares up broadly on dollar weakness, TradeMe and A2 gain while Fonterra sinks

Fri, 10 Aug 2018

By Sophie Boot Aug. 10 (BusinessDesk) - New Zealand shares gained on continued market strength from the weaker Kiwi dollar, led higher by Trade Me Group and A2 Milk Co, while Fonterra Shareholders Fund dropped as its expected final dividend was removed. The S&P/NZX50 Index rose 70.42 points, or 0.8 percent, to 9,010.61. Within the index, 40 stocks rose, seven fell and three were unchanged. Turnover was $111 million. Greg Easton, investment adviser at Craigs Investment Partners, said it was a fairly positive day for the benchmark index,...

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