MARKET CLOSE: NZ shares rise as Fletcher remains in MSCI index

By Victoria Young | Fri, 08 Nov 2019


New Zealand shares gained as Fletcher Building and Mercury NZ rose on the back of their inclusion in the MSCI New Zealand Index.  The S&P/NZX50 50 Index rose by 81.92 points, or 0.8 percent, to 10876.98. Within the index, 24 stocks rose, 20 fell, and six were unchanged. Turnover was $216.5 million “It's been a risk-on day with international markets being strong,” said Peter McIntyre, an investment adviser at Craigs Investment Partners. The Dow Jones Industrial Average rose 0.6 percent to 27,674.80 and other international markets followed...