MARKET CLOSE: NZ stocks extend gains, buoyed by local rates outlook; Spark, Z rise

Fri, 09 Nov 2018

By Gavin Evans Nov. 9 (BusinessDesk) - New Zealand shares rose as benign comments from the US and local central banks supported a more positive outlook through to the end of the year. The S&P/NZX 50 index rose 35.39 points, or 0.4 percent, to 8,931.40. Within the index, 28 stocks rose, seven were unchanged and 15 fell. Turnover was $103 million. Greg Smith, head of research at Fat Prophets, said events this week have been good for investor sentiment globally. The Democrats winning control of the US House of Representatives will prov...

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