MARKET CLOSE: NZ shares gain as tweaked earnings outlooks boost A2, weigh on Fletcher

Mon, 19 Aug 2019

By Paul McBeth Aug. 19 (BusinessDesk) - New Zealand shares snapped a six-day decline, rising ahead of a flurry of company results this week as investors adjusted their earnings expectations to the benefit of A2 Milk and detriment of Fletcher Building. The S&P/NZX 50 Index increased 47.12 points, or 0.4 percent, to 10,702.48. Within the index, 23 stocks rose, 23 fell, and four were unchanged. Turnover was $128.3 million. The domestic corporate earnings season picks up speed this week with blue-chip stocks including Mercury NZ, A2, Fle...

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