MARKET CLOSE: NZ shares rise as Fletcher extends gain; Metroglass jumps

Thu, 23 May 2019

By Paul McBeth May 23 (BusinessDesk) - New Zealand stocks rose, led higher by Fletcher Building as the construction company extended a recent rally. Metro Performance Glass jumped 13 percent after meeting its downgraded earnings guidance. The S&P/NZX 50 Index increased 25.93 points, or 0.3 percent, to 10,263.41. Within the index, 20 stocks rose, 22 fell, and eight were unchanged. Turnover was $102 million. Fletcher rose 3 percent to $5.46 on a volume of 2.5 million shares, more than twice its 90-day average of 1.2 million. The countr...

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