Shares edge up as defensive stocks remain in favour
New Zealand shares edged up as defensive stocks such as utilities remained attractive to investors in an uncertain global environment. Restaurant Brands New Zealand rose as its suitor declared a partial takeover unconditional.
The S&P/NZX 50 Index increased 6.4 points, or 0.1 percent, to 9,397.25. Within the index, 21 stocks rose, 21 fell, and eight were unchanged. Turnover was $159.9 milli