NZ shares rise as infrastructure spend buoys investors

NZ shares rise as infrastructure spend buoys investors
Paul McBeth
New Zealand shares rose as the government’s efforts to stoke the economy with infrastructure spending continued to overshadow uncertainties around Brexit and the lingering China-US trade talks. The S&P/NZX 50 Index increased 16.02 points, or 0.1 percent, to 11,307.98, Within the index, 20 stocks rose, 20 stocks fell, and 10 were unchanged. Turnover was $115.8 million. Finance Minister Grant Robertson yesterday unveiled an extra $12 billion of capital spending over the next five years, more than half of which was set aside for as-yet-unnam...

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