MARKET CLOSE: NZ shares rise as yield hunt lifts Genesis, Auckland Airport to records

Thu, 27 Jun 2019

By Paul McBeth June 27 (BusinessDesk) - New Zealand shares rose as companies offering reliable dividends remain attractive in the persistently low interest rate environment. Genesis Energy and Auckland International Airport hit records. The S&P/NZX 50 Index increased 23.17 points, or 0.2 percent, to 10,431.22. Within the index, 27 stocks rose, 20 fell, and three were unchanged. Turnover was $105.1 million. Investors have been taking on equity risk in their hunt for yield over the past 12-18 months as the outlook for global interest r...

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