MARKET CLOSE: NZX 50 rises to record, led by A2 Milk; Genesis, Meridian gain

Tue, 18 Nov 2014

By Suze Metherell Nov. 18 (BusinessDesk) - New Zealand shares rose to a record, led by A2 Milk Co as it flagged a dual-listing on the ASX. DNZ Property Fund, Genesis Energy and Meridian Energy paced the gains, as investors looked for yield in a fully priced market. The NZX 50 Index rose 14.799 points, or 0.3 percent, to 5505.028, eclipsing the 5,500 mark for the first time. Within the index 23 shares rose, 23 fell and four were unchanged. Turnover was $86.3 million. A2 Milk climbed 8.3 percent to 65 cents, paring an earlier rise to 69...

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