MARKET CLOSE: NZ shares flat, Tegel and Z Energy gain while SkyCity falls

Wed, 19 Oct 2016

By Sophie Boot Oct. 19 (BusinessDesk) - New Zealand shares were flat as Tegel Group Holdings and Z Energy advanced on positive updates, while SkyCity Entertainment Group dropped. The S&P/NZX50 index rose 3.4 points, or 0.05 percent, to 6,976.53. Within the index, 24 stocks rose, 20 fell and six were unchanged. Turnover was $155 million. "The market is disappointingly flat - we had good leads from offshore, pretty much a sea of green from everywhere, but we're only just there," said David Price, broker at Forsyth Barr. "Volumes are rela...

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