Shares gain as US earnings buoy confidence
New Zealand shares followed Wall Street higher as better than expected US company earnings buoyed investor confidence. Local growth stocks, including A2 Milk and Fisher & Paykel Healthcare, gained.
The S&P/NZX 50 Index rose 78.02 points, or 0.8 percent, to 9,846.35. Within the index, 29 stocks gained, 13 fell and eight were unchanged. Turnover was $129 million.