NZ shares gain as Scales bounces back from Cyclone Gabrielle

Turnover was $137.2 million. (Image: Getty)

Wed, 28 Aug 2024

New Zealand shares rose, paced by Scales Corp, after the apple exporter’s earnings bounced back from Cyclone Gabrielle in what’s been a generally soft earnings season. The S&P/NZX 50 Index increased 19.49 points, or 0.2%, to 12,470.60. Across the main board, 62 stocks rose, 70 fell and 47 were unchanged. Turnover was $137.2 million, with 10 stocks trading on volumes of more than a million. Earnings reported today were generally upbeat in what’s been a mixed period, with many companies contending with the tight...

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