MARKET CLOSE: NZ shares extend gain; Kathmandu produces 'ripper' result

Thu, 08 Aug 2019

By Paul McBeth Aug. 8 (BusinessDesk) - New Zealand shares rose for a second day, led by Kathmandu Holdings after the outdoor equipment chain beat earnings expectations and as record-low interest rates continue to support yield stocks. The S&P/NZX 50 Index increased 88.04 points, or 0.8 percent, to 10,874.30. Within the index, 34 stocks rose, 12 fell, and four were unchanged. Turnover was $165.3 million. Kathmandu hit a four-month high $2.45, and ended the day up 16 percent at $2.44 on a volume of 850,000 shares, well up on its 90-day...

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