Shares rise as index re-weightings drive large volumes
New Zealand shares rose in heavy trading as index re-weightings heightened activity in a week that had already been punctuated by some large investors repositioning their portfolios. Gentrack led the market higher.
The S&P/NZX Index increased 37.77 points, or 0.4 percent, to 9,473.27. Within the index, 32 stocks rose, 10 fell, and eight were unchanged. Turnover was $407.1 million, of