MARKET CLOSE: NZ stocks rise, buoyed by dairy prices, overseas markets

Wed, 16 Jan 2019

By Gavin Evans Jan. 16 (BusinessDesk) - New Zealand shares rose, buoyed by steady gains in overseas market and a better than expected result from the latest dairy auction overnight. The S&P/NZX 50 index rose 62.86 points, or 0.7 percent, to 9,027,44 – its first close above 9,000 since early October. Within the index, 32 stocks rose, seven were unchanged and 11 fell. Turnover was $184.5 million. The Dow Jones Industrial Average rose 0.7 percent while the S&P 500 gained almost 1.1 percent. A2 Milk was the biggest gainer today, rising...

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