MARKET CLOSE: NZ stocks gain on A2 broker upgrade

Wed, 10 Jul 2019

By Gavin Evans July 10 (BusinessDesk) - New Zealand stocks gained as a strong lift in A2 Milk after a broker upgrade helped propel the index higher. The S&P/NZX 50 Index increased 112.03 points, or 1.06 percent, to 10,650.14. Within the index, 29 stocks gained, 15 fell, and six were unchanged. Turnover was $101.9 million. Nigel Scott, a director at Craigs Investment Partners, said the main stories of the day are A2 Milk, New Zealand Oil and Gas and Ryman Healthcare. A2 Milk was up 6.6 percent at $16.25 and was the market's biggest ...

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