MARKET CLOSE: NZX 50 rises to record led by Genesis on yield hunt

Fri, 06 Mar 2015

By Suze Metherell March 6 (BusinessDesk) - New Zealand shares rose led by Genesis Energy and paced by Spark New Zealand, as the international hunt for income paying investment returned. Warehouse Group fell after it cut its forecast for the annual dividend. The NZX 50 Index rose 46.293 points, or 0.8 percent, to a fresh record of 5903.065. Within the index, 30 stocks rose, 10 fell and 10 were unchanged. Turnover was $156 million. The relatively high dividend yield of the local bourse has lured investors, in a globally low interest rat...

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