MARKET CLOSE: NZ shares rise in quiet trading as Fonterra hits 4-month high

Mon, 07 Oct 2019

New Zealand shares rose in quiet trading, led by Fonterra Shareholders' Fund units which hit a four-month high as investors and suppliers take some confidence in the dairy processor's new strategy. The S&P/NZX 50 Index increased 82.80 points, or 0.8 percent, to 10,975.62. Within the index, 36 stocks rose, nine fell, and five were unchanged. Turnover was $69.1 million, with just one stock trading on volume of more than a million shares. Grant Davies, an investment advisor at Hamilton Hindin Greene, said trading was very quiet, in part be...

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