MARKET CLOSE: NZ shares march higher as low rates keep yield attractive

Thu, 05 Sep 2019

By Paul McBeth Sept. 5 (BusinessDesk) - New Zealand shares continued their march into uncharted territory as the low interest rate outlook continues to boost the allure of firms paying reliable dividends, such as property investors and power companies. The S&P/NZX 50 Index rose 98.54 points, or 0.9 percent, to 11,106.67. Within the index, 33 stocks rose, 10 fell, and seven were unchanged. Turnover was $155.4 million. The local market joined a global rally as investors were buoyed by news that US and Chinese officials will return to t...

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