MARKET CLOSE: NZ shares extend gain as Mainfreight, A2 hit new highs

Tue, 23 Jul 2019

By Paul McBeth July 23 (BusinessDesk) - New Zealand shares extended their gain as Mainfreight and A2 Milk Co hit highs on strong demand for the export-focused stocks that have reliably outperformed expectations. Sky Network Television led the market higher. The S&P/NZX 50 Index rose 42.56 points, or 0.4 percent, to 10,867.25. Within the index, 21 stocks increased, 18 fell, and 11 were unchanged. Turnover was $83.7 million. The benchmark index gained for a fifth day as the international environment for low interest rates continues to ...

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