MARKET CLOSE NZ stocks mixed as dividend payments wind through market

Wed, 11 Sep 2013

Sept. 11 (BusinessDesk) – New Zealand stocks were mixed in trading today. Early signs were that the market would break a two day mild upward run, but the trend reversed late in the day to be slightly positive at day’s end, with several stocks going ex dividend. The NZX50 Index, which is calculated on a gross basis and does not account for the ex dividend effect, was up 7.139 points, or 0.154 percent, to 4,634.896. Within the index, 21 stocks rose, 19 fell, and 10 were unchanged. Turnover was $155.8 million. "It's very much about companies...

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