New Zealand stocks rise 0.1%

New Zealand stocks rise 0.1%


Updated October 18, 2023 at 12:27 a.m. ET

04:26 GMT — New Zealand’s NZX-50 closed 0.1% higher at 11221.48, rebounding towards the close after spending the day in the red. Gains, notably among infrastructure, elderly care and retail stocks, almost offset weakness elsewhere. Port of Tauranga and infrastructure investor Infratil added 0.7% and 1.3%, respectively. Nursing home operators Summerset, Ryman and Arvida put between 0.2% and 0.8%. Warehouses increased by 0.6% and KMD brands continued its recent recovery with a gain of 2.4%. Large-Cap Utility Providers Meridian Energy And Mercury Reviews lost 1.5% and 2.0% respectively. The NZX-50 is still down 0.4% since the start of the week and is on track for a fourth consecutive weekly decline. (stuart.condie@wsj.com)

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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