MARKET CLOSE: NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs

Fri, 19 Jul 2019

By Paul McBeth July 19 (BusinessDesk) - New Zealand shares remained in record territory as passive investment funds appeared to support the upward trend in school holiday-affected trading. Tourism Holdings led the market higher when it resumed trading. The S&P/NZX 50 Index increased 12.06 points, or 0.1 percent, to 10,753.15. Within the index, 27 stocks rose, 18 fell, and five were unchanged. Turnover was $97 million, with just four companies trading on volumes of more than a million shares. Trading has been quieter than usual over th...

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