MARKET CLOSE: NZX50 hits record as yield stocks remain in vogue

Thu, 18 Jul 2019

By Paul McBeth July 18 (BusinessDesk) - New Zealand shares outperformed Asia as companies offering reliable dividends helped lift the benchmark index to a record. Meridian Energy and Z Energy led the market higher. The S&P/NZX 50 Index rose 86.29 points, or 0.8 percent, to 10,741.09, an all-time high. Within the index, 32 stocks rose, 11 fell, and seven were unchanged. Turnover was $110.0 million. The NZX50 was the best performer across the 22 Asian equity indices tracked by Refinitiv and one of just four that was in positive territo...

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