MARKET CLOSE: NZ shares up, Ryman and A2 gain while Fonterra, Infratil fall

Mon, 22 Jan 2018

By Sophie Boot Jan. 22 (BusinessDesk) - New Zealand shares gained, led higher by Ryman Healthcare and A2 Milk Co on some positioning ahead of upcoming earnings, while Infratil and Fonterra Shareholders Fund dropped. The S&P/NZX50 Index gained 45.4 points, or 0.5 percent, to 8,335.36. Within the index, 24 stocks rose, 21 fell and five were unchanged. Turnover was $86.6 million. Rickey Ward, NZ equity manager at JBWere, said that while the market is currently quiet, investors are positioning themselves ahead of the earnings season to com...

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