MARKET CLOSE: Half billion dollar day for NZX as 7.5% of Sky TV changes hands

Fri, 18 Mar 2016

By Sophie Boot March 18 (BusinessDesk) - New Zealand shares hit another record high and turnover topped $500 million as 7.5 percent of Sky Network Television changed hands and large parcels of several top 10 companies changed hands. The S&P/NZX 50 Index rose 50.06 points, or 0.8 percent, to 6,623.51. Within the index, 31 stocks rose, 15 fell and four were unchanged. Turnover was $511 million. "It looks like someone was doing a portfolio buy," said James Smalley, director at Hamilton Hindin Greene. "We were put in 'late adjust'. The ann...

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