Auckland Airport takes off; NZ shares gain

Tue, 30 Mar 2021

New Zealand shares generally edged higher today as the benchmark equity index approached the end of the first quarter down almost 5%. The S&P/NZX 50 Index rose 78.63 points, or 0.6%, to 12,446.76. Within the index, 22 stocks rose, 18 fell and ten were unchanged. Turnover was $196 million.Sam Trethewey, a portfolio manager at Milford Asset Management, said the market was consolidating after a period of rising interest rates and ahead of quarterly rebalancing.Auckland International Airport led the market higher, up 4% to $7.67, followed...

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