MARKET CLOSE: NZ shares rise in subdued Christmas trading

Tue, 24 Dec 2019

New Zealand shares rose in shortened holiday trading, as retirement village operators continued to be buoyed by the prospect of Metlifecare’s takeover. The S&P/NZX 50 Index increased 95.55 points, or 0.8 percent, to 11,642.78. Within the index, 31 stocks rose, 11 fell, and eight were unchanged. Turnover was $31.3 million in a shortened trading session that closed at 1.30pm. Markets were relatively quiet, with no stocks trading on more than a million shares, ahead of the two-day Christmas holiday. Retirement village operators were stron...

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