NZ shares gain as Infratil rallies on fresh capital

Turnover was $192 million, with Infratil accounting for $59.4m. (Image: Getty)

Tue, 18 Jun 2024

New Zealand shares joined a global rally, with Infratil one of the frontrunners after the infrastructure investment firm resumed trading fresh off a successful $1 billion to institutional investors. The S&P/NZX 50 index rose 68.89 points, or 0.6%, to 11,767.40. Within the index, 68 stocks gained, 69 fell and 44 were unchanged. Turnover was $192 million, with Infratil accounting for $59.4m. The local market was buoyed by a global rally ahead of a series of Federal Reserve speakers in the US, soothed nerves about the upcoming French...

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