MARKET CLOSE: NZ shares edge higher; A2 recovers some ground lost on China fears

Wed, 05 Jun 2019

By Paul McBeth June 5 (BusinessDesk) - New Zealand shares edged higher, lagging behind Wall Street's gains on the prospect of lower interest rates. A2 Milk recovered some of yesterday's sell-off as investors tried to gauge China's plan to boost domestic infant formula production. The S&P/NZX 50 Index increased 4.13 points, or 0.04 percent, to 9,956.06. Within the index, 21 stocks rose, 20 fell, and nine were unchanged. Turnover was $132.3 million. Stocks across Asia were upbeat, following the lead of the S&P 500 Index, which climbed...

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