MARKET CLOSE: NZ stocks inch higher as yield comes back into play, Trustpower gains

Tue, 18 Apr 2017

By Rebecca Howard April 18 (BusinessDesk) - New Zealand stocks edged higher as interest in high-yielding stocks including Trustpower and several property companies was offset by some portfolio reshuffling after the Oceania Healthcare initial public offering weighed on stocks such as Ryman Healthcare and Summerset Group. The S&P/NZX 50 index increased 3.8 points, or 0.05 percent, to 7,233.6. Within the index, 18 stocks fell, 20 rose and 12 were unchanged. Turnover was $114 million. Stocks across Asia were mixed with Australia's S&P/ASX...

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