MARKET CLOSE: NZ stocks hit record, led by A2 Milk, Metlifecare and Meridian Energy

Wed, 07 Sep 2016

By Sophie Boot Sept. 7 (BusinessDesk) - New Zealand shares rose to another record high, driven by investors seeking dividend income, with A2 Milk continuing its bounce and Meridian Energy at an all-time high. The S&P/NZX 50 Index gained 67.56 points, or 0.9 percent, to 7,571.1. Within the index, 34 stocks rose, 12 fell and four were unchanged. Turnover was $187.8 million. "The market's trading with really good volume today, it seems to be the stocks that are trading with rights to an upcoming dividend that are tending to drive the ind...

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