MARKET CLOSE: NZ shares up led by Comvita, Summerset; A2 Milk drops

Wed, 13 Jun 2018

By Sophie Boot June 13 (BusinessDesk) - New Zealand shares gained to a new record, led higher by Comvita and Summerset Group Holdings, and offsetting the drag of a weaker A2 Milk. The S&P/NZX50 Index rose 18.5 points, or 0.2 percent, to 8,977.31. Within the index, 24 stocks rose, 19 fell and seven were unchanged. Turnover was $134.8 million. "Markets are pretty subdued across Asia but New Zealand is travelling pretty well considering that A2 makes up over 7 percent of our index," said Peter McIntyre, investment adviser at Craigs Inves...

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