MARKET CLOSE: NZ shares up, Fonterra gains on $183m damages, Tourism Holdings and Port of Tauranga rise

Fri, 01 Dec 2017

By Sophie Boot Dec. 1 (BusinessDesk) - New Zealand shares gained, with activity quieter and market attention focussed on Fonterra Cooperative Group after the company lost an arbitration battle with Danone. The S&P/NZX50 Index rose 0.025 percent, or 2.01 points, to 8,188.83. Within the index, 22 stocks rose, 21 fell and seven were unchanged. Turnover was $163 million. Tourism Holdings was the best performer, up 3.8 percent to $5.24, while Port of Tauranga rose 3 percent to $4.74 and CBL Corp gained 1.6 percent to $3.15. Fonterra Sh...

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