MARKET CLOSE: NZ stocks rise, as earnings glow boosts Summerset, Contact; Fletcher rallies on positive sentiment

Tue, 15 Aug 2017

By Sophie Boot Aug. 15 (BusinessDesk) - New Zealand shares rose, led by Contact Energy for a second day as upbeat earnings bolstered the power company, while Summerset Group's result boosted demand for its shares. Fletcher Building rallied ahead of tomorrow's report, while Heartland Bank gave up yesterday's gains. The S&P/NZX50 Index advanced 51.8 points, or 0.7 percent, to 7,813.74. Within the index, 27 stocks rose, 14 fell and nine were unchanged. Turnover was $211 million. "There's a general healthy tone to the market today, a soft...

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