New Zealand Stocks Rise 1.1%

Dow Jones
08/18

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in New Zealand gained Tuesday, as the S&P/NZX 50 Index added 1.1% to 13866.18.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($881.9 million), A2 Milk was the biggest leader during the session, jumping 10%, and Mercury NZ jumped 2.6%. Ebos Group rounded out the top three movers, as shares gained 2.3%.

Infratil was the biggest laggard, slipping 0.7%.

On the currency front, the WSJ Dollar Index gained 0.1% to 96.03. The New Zealand dollar weakened 0.4% against the U.S. dollar to 58.81 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield increased 2.59 basis points to 4.754%.

Data source: Dow Jones Market Data, FactSet

 

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