MARKET CLOSE: NZ shares rise; index moves push Port of Tauranga to record

Fri, 19 Jun 2020

New Zealand shares rose as index changes drove heavy trading and large moves in the likes of Port of Tauranga and Kiwi Property Group. An upbeat earnings season also supported investor sentiment. The S&P/NZX 50 Index rose 29.46 points, or 0.3 percent, to 11,254.74. Within the index, 26 stocks rose, 21 fell, and three were unchanged. Turnover was $427.6 million with new weightings in S&P/NZ indices and FTSE/Russell indices prompting large investors to adjust their portfolios. The benchmark index gained more than 3 percent this week as in...

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