Fonterra leads NZ sharemarket rise

Fonterra leads NZ sharemarket rise
Fonterra is due to announce its results in late September, with strong earnings expected. (Image: NZME)
Tom Raynel
The New Zealand sharemarket rose slightly on a quiet day today, while Fonterra saw its share price rally as investors look forward to a potentially higher dividend.The S&P/NZX 50 Index closed up 0.15% or 19.09 points, rising to 12,480.05, with 42.85 million shares changing hands to the value of $113.94 million.The S&P/NZX 20 index closed at 7310.09, up 0.048%, while the S&P/NZX 10 index ended the day at 1863.80, a rise of 0.17%.There were 71 gainers on the main board and 59 decliners.Middle East tensionsDevon Funds Management’...

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