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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