Small stocks lead NZ shares higher
The S&P/NZX 50 Index rose 25.62 points, or 0.2%, to 12,646.14. Within the index, 26 stocks fell, 22 rose and two were unchanged. Turnover was $168 million.
Agriculture and industrial supplier Skellerup Holdings reached a record, up 4.5% at $4.62, as investors continue to react to last week’s earnings upgrade.
The stock was followed by Vista Group International, up 3.1% at $2.30, Kathmandu Holdings which rose 2.9% to $1.41, and Summerset Group Holdings up 2.3% at $12.39. All moves were on lighter than usual volume.
Summerset expects to get consent to build its first Australian village soon and will then immediately start earthworks on the site, chair Rob Campbell told the annual shareholders' meeting today.
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