Market close: NZ stocks post second consecutive rise
The New Zealand sharemarket reached its highest level in a month.
The New Zealand sharemarket reached its highest level in a month.
The local index staged a turnaround.
Meanwhile, the post-election rally cooled in the United States.
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Fonterra gave the sharemarket, and the economy, some heart with a strong financial result.
New Zealand shares bucked the trend across Asia as they edged higher.
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More weak earnings added to the sombre mood.
Turnover was $445.7 million, more than twice the $168m average daily turnover in May.
Investment firm among the biggest gainers after resuming trading.
The utilities software firm hit an all-time high of $9.44 on the back of rising revenue.
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The New Zealand sharemarket had a down day following the Easter break.
The local index finished lower after five consecutive days of heady rises.