MARKET CLOSE: NZ shares outperform Asia on persistent demand for reliable income

Mon, 24 Jun 2019

By Paul McBeth June 24 (BusinessDesk) - New Zealand shares outperformed the rest of Asia as blue-chip stocks including Fisher & Paykel Healthcare, Auckland International Airport and Mainfreight remained in demand among investors in search of reliable income. The S&P/NZX 50 Index rose 61.02 points, or 0.6 percent, to a record 10,388.31. Within the index, 21 stocks gained, 23 fell, and six were unchanged. Turnover was $89.8 million. The local market was the top performer across Asian benchmarks tracked by Refinitiv. The NZX50 has been...

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