MARKET CLOSE: NZ shares extend gain on low-rate tailwind; Vista at record

Thu, 09 May 2019

By Paul McBeth May 9 (BusinessDesk) - New Zealand shares rose for a third day as the Reserve Bank's rate cut provides another tailwind to the stock market. Vista Group International hit a record. The S&P/NZX 50 Index rose 41.3 points, or 0.4 percent, to 10,104.35. Within the index, 24 stocks gained, 15 fell and 11 were unchanged. Turnover was $202.8 million. The local market outperformed the rest of the Asia-Pacific region, with Australia's S&P/ASX 200 Index and Thailand's SET Index the only other bourses in positive territory today....

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