MARKET CLOSE: NZ stocks rise as emboldened investors seek value; Z Energy plunges

Thu, 01 Nov 2018

By Gavin Evans Nov. 1 (BusinessDesk) - New Zealand shares rose for a fourth day in five as improving sentiment in global markets encouraged investors back into some favoured sectors. The S&P/NZX index advanced 91.52 points, or 1.1 percent, to 8,843.83. Within the index, 31 stocks gained, 12 fell and seven were unchanged. Turnover was $134.2 million. David Price, director of institutional equities at Forsyth Barr, said the latest round of annual meetings and September earnings are providing investors some direction. But he said that...

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