NZ shares edge higher; Infratil, Gentrack rally on index inclusions

Across the main board, 59 stocks rose, 92 fell and 28 were unchanged. (Image: Getty)

Mon, 09 Sep 2024

New Zealand shares bucked the trend across Asia as they edged higher, with Gentrack and Infratil among the leaders having been added to an Australian index, meaning passive investors will have to track the local companies.The S&P/NZX 50 Index increased 6.11 points, or 0.1%, to 12,621.62. Across the main board, 59 stocks rose, 92 fell and 28 were unchanged. Turnover was $86.7 million, less than the $137m daily average traded through August.The local market outperformed many of its peers across Asia, clawing back earlier losses on fears about...

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