New Zealand shares post small gain; Australia closed
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[BENGALURU] New Zealand shares eked out minor gains in subdued trade on Monday, bolstered by strength in consumer and utilities sectors, while Australian markets were closed for a public holiday.
New Zealand's benchmark S&P/NZX 50 index was 0.16 per cent, or 12.08 points higher, at 7,448.18 by 0232 GMT.
Financial markets were closed in Australia for a public holiday.
"We have a reasonable Australian institutions presence on our market here, so we will have a pretty quiet Monday," said James Smalley, director/investment adviser at Hamilton Hindin Greene.
Gains in consumer and utilities stocks helped counter losses in tech and industrial sectors.
Sky Network Television Ltd and a2 Milk Company , adding 2.9 per cent and 1.2 per cent respectively, were the benchmark index's biggest gainers by weight.
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Auckland International Airport and Fletcher Building were the biggest losers, down about 0.4 per cent each.
REUTERS
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