MARKET CLOSE: NZ shares up, Trustpower and Infratil rise while Fletcher Building drops

Fri, 13 Oct 2017

By Sophie Boot Oct. 13 (BusinessDesk) - New Zealand shares gained, led by Trustpower and Infratil on earnings upgrades, while Fletcher Building gave back gains. The S&P/NZX50 Index rose 0.3 percent, or 21.2 points, to 8,089.32. Within the index, 26 stocks rose, 16 fell and eight were unchanged. Turnover was $179 million. Grant Davies, investment advisor at Hamilton Hindin Greene, said the stock market is unperturbed by the continued lack of government. Winston Peters has now said that the New Zealand First board will meet on Monday, a...

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