MARKET CLOSE: NZ stocks gain as investors hunt for yield

Mon, 03 Apr 2017

By Rebecca Howard April 3 (BusinessDesk) - New Zealand shares gained, led by Z Energy and Spark New Zealand as a decline in global bond yields boosts the attraction of local stocks with high dividends. Telecommunications network operator Chorus fell. The S&P/NZX 50 Index rose 28 points, or 0.4 percent, to 7225.02. Within the index, 16 stocks rose, 27 fell and seven were unchanged. Turnover was $136 million. Hobson Wealth Partners investment adviser Brad Gordon said the market had performed well considering it is the beginning of a new...

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