MARKET CLOSE: NZ shares rise as Trustpower hits record on special dividend

Mon, 13 May 2019

By Paul McBeth May 13 (BusinessDesk) - New Zealand shares rose in quiet trading, with Trustpower hitting a record after declaring a special dividend at today's earnings result. Fonterra fund units rose on the sale of its Tip Top business. The S&P/NZX 50 Index increased 27.46 points, 0.3 percent, to 10,126.83. Within the index, 17 stocks rose, 20 fell, and 13 were unchanged. Turnover was $82.7 million, with just two companies trading on volumes of more than a million shares. Trustpower hit a record $7.21, ending the day up 2.9 percent...

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