MARKET CLOSE: NZ shares gain at end of quarter, Sky TV, Scales rise while Meridian drops

Fri, 30 Sep 2016

By Sophie Boot Sept. 30 (BusinessDesk) - New Zealand shares gained, with turnover peaking for the week as investors tidied their portfolios. Sky Network Television and Scales Corp gained while Meridian Energy fell. The S&P/NZX 50 Index rose 17.64 points, or 0.2 percent, to 7.361.09. Within the index, 23 stocks gained, 21 fell and six were unchanged. Turnover was $187.3 million. "People are tidying up some things, there's quarter-end, month-end stuff, and there appears to be fairly significant intraday volatility in some stocks - there'...

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