MARKET CLOSE: NZ shares post 6.4% gain in June quarter as yield remains king

Fri, 28 Jun 2019

By Paul McBeth June 28 (BusinessDesk) - The benchmark S&P/NZX 50 Index rounded out a 6.4 percent gain in the June quarter, with demand for infrastructure, utilities, and property firms driving the benchmark to another record. The index today rose 69.88 points, or 0.7 percent, to 10,501.10, outperforming other Asian benchmarks as investors remain on edge over the outcome of the G-20 leaders' meeting in Osaka. Within the index, 35 stocks rose, nine fell, and six were unchanged. Turnover was $175.1 million. Companies paying reliable div...

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