MARKET CLOSE: NZ shares gain as investors welcome Z's dividend view; Trade Me departs

Thu, 02 May 2019

By Paul McBeth May 2 (BusinessDesk) - New Zealand shares rose as investors welcomed greater clarity on Z Energy's dividend intentions in the first local result of the latest reporting season. Index reweightings from Trade Me Group's pending departure were also a feature. The S&P/NZX 50 Index increased 118.57 points, or 1.2 percent, to a record 10,084.99. Within the index, 42 stocks rose, four fell and four were unchanged. Turnover was $250.5 million, of which Trade Me accounted for $58.1 million. Z Energy advanced 2.6 percent to $6.37...

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