MARKET CLOSE NZ shares edge up to new 5-year high; Sky TV, Tower lead

Thu, 29 Nov 2012

Nov. 29 (BusinessDesk) - New Zealand shares edged up to a new five-year high as Sky Network Television surprised investors with a special dividend and Tower said it would return capital to shareholders after the sale of its medical insurance business. The NZX 50 Index rose 4.61 points, or 0.1 percent, to 4016.77, the highest since the start of January 2008. Within the index, 25 stocks rose, 18 fell and seven were unchanged. Turnover was $142 million, with big crossings of Telecom and Sky TV. Sky TV, the nation’s main pay-TV company, rose abo...

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