MARKET CLOSE: NZ stocks edge higher, led by Contact; Asian markets slide

Fri, 02 Aug 2019

Aug. 2 (BusinessDesk) - New Zealand shares edged higher despite a slide in Asian markets on renewed concerns for the global trade outlook. Contact Energy led the gainers as local investors prepare for coming earnings. The S&P/NZX 50 Index rose 3.05 points, or 0.03 percent, to 10,863.87. Within the index, 16 stocks rose, 25 fell and nine were unchanged. Turnover was modest at $92 million with only a handful of stocks trading on more than a million shares. Asian markets were generally weaker after China-US trade talks ended inconclusively a...

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