MARKET CLOSE: NZ shares buoyed by prospect of low rates; Spark gains

Mon, 23 Sep 2019

By Paul McBeth Sept. 23 (BusinessDesk) - New Zealand shares rose, bucking international leads, as the prospect of persistently low interest rates continues to buoy the local equity market. Spark New Zealand defied negative headlines to end the day stronger. The S&P/NZX 50 Index advanced 43.94 points, or 0.4 percent, to 10,873.33. Within the index, 19 stocks rose, 27 fell, and four were unchanged. Turnover was $69.4 million, with just two stocks trading on volumes of more than a million shares. The New Zealand and Australian markets w...

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