MARKET CLOSE: NZ blue-chips lead market higher

MARKET CLOSE: NZ blue-chips lead market higher
Paul McBeth
New Zealand shares were led higher by stronger blue-chip stocks including Meridian Energy and Port of Tauranga in subdued trading through the first full week after the Christmas and New Year holiday. The S&P/NZX 50 Index increased 14.02 points, or 0.1 percent, to 11,551.70. Within the index, 19 stocks rose, 23 fell, and eight were unchanged. Turnover was $102.5 million, with just five stocks trading on volumes of more than a million shares. Markets across Asia were broadly stronger as investors remained optimistic that tensions between th...

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