Shares edge up
New Zealand shares edged up, led by the Fonterra Shareholders' Fund as a stronger than expected dairy auction was seen as an optimistic sign for the sector, despite the fact that it would add pressure to earnings.
The S&P/NZX 50 Index increased 15.31 points, or 0.2 percent, to 9,415. Within the index, 22 stocks rose, 20 fell, and eight were unchanged. Turnover was $189.7 million, of