MARKET CLOSE: NZ shares up on 'Jacinda Effect', A2 Milk at record

Mon, 07 Aug 2017

By Sophie Boot Aug. 7 (BusinessDesk) - New Zealand shares rallied, with more volume through politically-driven sectors as the September election draws closer. A2 Milk Co rallied to another record, while Xero gave back some gains. The S&P/NZX50 Index rose 25.45 points, or 0.3 percent, to 7,771.57. Within the index, 27 stocks rose, 14 fell and nine were unchanged. Turnover was $160 million. Jacinda Ardern became leader of the Labour Party on Tuesday, taking over from Andrew Little, and the positive reaction to her ascent has been dubbed...

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