MARKET CLOSE: NZ shares rise; trading quiet ahead of upcoming earnings

Fri, 17 May 2019

By Paul McBeth May 17 (BusinessDesk) - New Zealand shares rose in quiet trading, as investors prepare for a flurry of earnings next week. Infratil entered a trading halt for the first tranche of a $400 million capital raising. The S&P/NZX 50 Index increased 3.81 points, or 0.04 percent, to 10,180.80. Within the index, 30 stocks rose, 14 fell, and six were unchanged. Turnover was $98.9 million, with just four stocks trading on volumes of more than a million shares. The March and September balance date earnings season picks up speed ne...

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