MARKET CLOSE: NZX50 climbs 4.1% in week; yield demand reigns

Fri, 06 Sep 2019

By Paul McBeth Sept. 6 (BusinessDesk) - The S&P/NZX 50 Index hit a record, rising 4.1 percent this week with high-yielding utilities and property stocks still in hot demand against a backdrop of ultra-low interest rates. The benchmark index was up 112.32 points, or 1 percent, at 11,218.99. Within the index, 39 stocks rose, six fell, and five were unchanged. Turnover was a healthy $194.8 million, more than the $159 million daily average during August. Stock markets were buoyed yesterday by news that the US and China will resume negot...

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