NZX50 hits record; prospect of lower rates drives yield hunt

Wed, 19 Jun 2019

By Paul McBeth June 19 (BusinessDesk) - The S&P/NZX 50 Index hit a record, amid a global rally, as investors prepare for even lower interest rates and pursue stocks offering reliable dividends. Blue-chip companies such as Auckland International Airport were among today's gainers. The benchmark index rose as high as 10,309.89, and ended the day at 10,304.83, up 113.50 points, or 1.1 percent. Within the index, 30 stocks gained, 17 fell, and three were unchanged. Turnover was $130.5 million. European Central Bank president Mario Draghi...

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