MARKET CLOSE: NZ stocks again, boosted by Heartland Bank

Wed, 10 May 2017

By Rebecca Howard May 10 (BusinessDesk) - New Zealand stocks gained, led by local lender Heartland Bank for a second day as its rival Australian-owned banks faced new deposit levies across the Tasman, while Comvita extended its decline. The S&P/NZX 50 index rose 12 points or 0.2 percent to 7,424.200. Within the index, 30 stocks rose, seven were unchanged and 13 fell. Turnover was $207 million. Heartland Bank led the index higher, added 3.4 percent to $1.81. The New Zealand-owned lender has the widest net interest margins among loca...

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