MARKET CLOSE: NZ shares up on A2 Milk bounce-back, Air NZ and Synlait gain

Wed, 04 Apr 2018

By Sophie Boot April 4 (BusinessDesk) - New Zealand shares surged on A2 Milk Co's recovery from last week's selling, while Air New Zealand gained on news it will ditch an alliance with Virgin Australia. The S&P/NZX 50 Index gained 68.15 points, or 0.8 percent, to 8,398.08. Within the index, 30 stocks rose, 15 fell and five were unchanged. Turnover was $136.4 million. Wall Street rebounded overnight following Monday’s selloff as investors found value in beaten-down stocks. Grant Williamson, director at Hamilton Hindin Greene, said the v...

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