MARKET CLOSE: NZX50 gains, led by A2 Milk after earnings upgrade

Fri, 18 Dec 2015

By Tina Morrison Dec. 18 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co after the milk marketer raised its annual earnings forecast for the second time in as many months on strong demand for its infant formula. The S&P/NZX 50 Index rose 19.510 points or 0.32 percent to 6,107.840. Within the index 27 stocks gained, 17 fell and 6 were unchanged. Turnover was $199.9 million. A2 was the most actively traded stock on the benchmark index today, after it raised its forecast for 2016 operating earnings before interest, tax, deprec...

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