MARKET CLOSE: NZ shares gain; Restaurant Brands climbs on upbeat outlook

Wed, 16 Oct 2019

New Zealand shares rose for a fourth day, with Restaurant Brands New Zealand among the strongest performers after the fast-food operator gave upbeat guidance for its annual earnings. The S&P/NZX50 Index advanced 133.3 points, or 1.2 percent, to 11,178.64. Within the index 31 stocks rose, 11 fell and eight were unchanged. Turnover was $132.3 million. The local market led gains across Asia after economists decided the faster than expected pace of inflation won't deter the Reserve Bank from cutting the official cash rate even further. Low...

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