MARKET CLOSE NZ share rise, led by Warehouse; Sky TV dominates on News selldown

Tue, 05 Mar 2013

March 5 (BusinessDesk) – New Zealand shares rose on a day dominated by New Corp’s sales of its Sky Network Television stake, with Warehouse Group leading gainers ahead of its earnings on Friday. The NZX 50 rose 15.55 points, or 0.4 percent, to 4269.16. Within the index, 24 stocks rose, 18 fell and eight were unchanged. Turnover was about $1.03 billion, of which about $905 million was in Sky TV shares. Sky TV fell 2.9 percent to $5.02 after Rupert Murdoch’s News Corp completed the $815.3 million sale of its 44 percent stake in the pay-TV oper...

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