MARKET CLOSE: NZX50 at new high as A2 hits fresh record; Z Energy, Fletcher Building fall

Tue, 10 Oct 2017

By Sophie Boot Oct. 10 (BusinessDesk) - New Zealand's benchmark stock index rose to a new record as investors latched on to companies with strong growth outlooks including A2 Milk Co, Xero and Fisher & Paykel Healthcare. Z Energy and Fletcher Building fell. The S&P/NZX50 Index rose 27.53 points, or 0.3 percent, to 8,037.81. Within the index, 23 stocks rose, 17 fell and 10 were unchanged. Turnover was $174 million. A2 Milk led the index higher, up 3.3 percent to $7.60, a new record. At $5.6 billion the company's market capitalisation su...

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