MARKET CLOSE: NZ shares gain; index reweighting drives heavy trading in Kiwi, Kathmandu

Fri, 20 Sep 2019

By Paul McBeth Sept. 20 (BusinessDesk) - New Zealand shares rose in heavy trading as Kiwi Property Group and Kathmandu Holding gained on strong volumes, with the quarterly index reweighting driving traffic. The S&P/NZX 50 Index increased 28.34 points, or 0.3 percent, to 10,829.39. Within the index, 34 stocks rose, 11 fell, and five were unchanged. Turnover was $282.9 million, with 17 stocks trading on volumes of more than a million shares. The benchmark index ended the week marginally lower, down 0.3 percent, as investors weighed up...

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