MARKET CLOSE: NZ shares resume march higher as A2 hits record; Gentrack sinks

Thu, 25 Jul 2019

By Paul McBeth July 25 (BusinessDesk) - New Zealand shares bounced back from yesterday's dip, as A2 Milk Co closed at a record with investors still upbeat about the milk marketing firm's outlook. Gentrack dropped to a six-week low after cutting its earnings guidance. The S&P/NZX 50 Index increased 85.74 points, or 0.8 percent, to a record 10,898.28. Within the index, 30 stocks rose, 15 fell, and five were unchanged. Turnover was $107.4 million. A2 rose 2.7 percent to a record close of $17.48 on 502,000 shares, less than its 90-day av...

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