MARKET CLOSE: NZ shares outperform Asia; Contact, Meridian in demand

Tue, 03 Sep 2019

By Paul McBeth Sept. 3 (BusinessDesk) - New Zealand shares outperformed Asia as companies offering reliable incomes, such as Contact Energy and Meridian Energy, remain attractive in a period of heightened global uncertainty. The S&P/NZX 50 Index climbed 153.92 points, or 1.4 percent, to 10,953.92. Within the index, 30 stocks rose, 10 fell and 10 were unchanged. Turnover was $107.6 million. The local index was one of just five benchmark stock markets tracked by Refinitiv to rise today, with Japan's Topix the next best, up 0.6 percent...

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