MARKET CLOSE: NZ shares rebound; Kathmandu rises after bookbuild

Fri, 04 Oct 2019

New Zealand shares rose after two days of decline, amid a volatile international market. Outdoor retailer Kathmandu helped move the market higher. The S&P/NZX50 50 Index increased 71.61 points, or 0.7 percent, to 10,892.82. Within the index, 33 stocks rose, 13 fell, and four were unchanged. “October is usually a volatile month for investors and the New Zealand market has performed well in relation to its Asian counterparts today," said Peter McIntyre, a senior advisor at Craigs Investment Partners. "But that volatility is expected to re...

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