MARKET CLOSE: NZ shares gain as growth stocks recover; Comvita bounces

MARKET CLOSE: NZ shares gain as growth stocks recover; Comvita bounces
Paul McBeth
By Paul McBeth June 6 (BusinessDesk) - New Zealand shares rose, led by growth stocks Synlait Milk and Fisher & Paykel Healthcare. Comvita soared on news its former chief executive will put its under-performing units under the microscope.  The S&P/NZX 50 Index increased 30.94 points, or 0.3 percent, to 9,987. Within the index, 24 stocks rose, 17 fell, and nine were unchanged. Turnover was $108.9 million.  Synlait led the market higher, up 2.5 percent at $8.75 on a volume of 189,000 shares, slightly more than its 90-day average of 121,00...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.