MARKET CLOSE: NZ shares gain as investors chase yield in low-rate environment

MARKET CLOSE: NZ shares gain as investors chase yield in low-rate environment
Paul McBeth
By Paul McBeth May 7 (BusinessDesk) - New Zealand shares bounced back from yesterday's Donald Trump-induced slump, as the attraction of stocks paying reliable dividends remains strong in a low-interest rate environment. Meridian Energy, Chorus and Infratil were among the gainers today.  The S&P/NZX 50 Index rose 66.77 points, or 0.7 percent, to 10,027.39. Within the index, 28 stocks increased, 16 fell, and six were unchanged. Turnover was $105.8 million.  The local market joined an Asia-wide rout yesterday when the US president spooked...

More Markets

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.