MARKET CLOSE: NZ shares rise as Heartland posts strong result

Tue, 18 Feb 2020

New Zealand shares rose as the local earnings season continued with investors heartened by a strong result from Heartland Group Holdings. The S&P/NZX 50 Index rose 61.86 points, or 0.5 percent, to 11,935.84. Within the index, 32 stocks gained, 11 fell, and seven were unchanged. Turnover was $139.4 million. Heartland rose 2.2 percent to $1.89 after announcing net profit for the six months ended December rose to $39.9 million from $33.1 million in the corresponding prior period. Head of research at Fat Prophets, Greg Smith, said this was...

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