MARKET CLOSE: NZ shares shrug off Middle East tensions; Infratil gains

Mon, 06 Jan 2020

New Zealand shares were one of the outliers across Asia, shrugging off heightened tensions in the Middle East and higher oil prices. Infratil rose on a sharp lift in the value of its data centre investment.The S&P/NZX 50 Index increased 34.18 points, or 0.3 percent, to 11,627.32. Within the index, 16 stocks rose, 24 fell, and 10 were unchanged. Turnover was $110.8 million, with trading relatively quiet in the first day back from the Christmas and New Year holiday period.Stocks across Asia were largely weaker as investors digested the height...

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