MARKET CLOSE: NZ stocks mixed on rate outlook; Trustpower leads decliners

Fri, 12 Jul 2019

By Gavin Evans July 12 (BusinessDesk) - New Zealand stocks were mixed with thin local corporate news insufficient to extend gains earlier in the week. The S&P/NZX 50 Index increased 14.11 points, or 0.1 percent, to 10,701.43. Within the index, 18 stocks gained, 20 fell, and 12 was unchanged. Turnover was light at $77.3 million. Stocks across Asia were generally firmer. Investors are still expecting a rate cut in the US at the end of the month but are less bullish after stronger-than-expected CPI data there overnight. Hong Kong’s Hang S...

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