MARKET CLOSE NZ shares fall as Sky TV farewells shareholder; Infratil drops

Fri, 02 Nov 2012

By Jonathan Underhill Nov. 2 (BusinessDesk) – New Zealand shares fell, led by Sky Network Television after one of its oldest supporters exited its 11 percent stake. Infratil fell after the Commerce Commission questioned the profit made by Wellington International Airport and Tower rose after selling its medical business. The NZX 50 Index fell 17.80 points, or 0.5 percent, to 3914.07. Within the index, 25 stocks fell, 13 rose and 12 were unchanged. Turnover was $325 million, the busiest day this year, reflecting the sale of Todd Capital’s Sky...

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