MARKET CLOSE: NZ shares gain, risk-on for Synlait and A2 as Sky TV rises

Tue, 27 Mar 2018

By Sophie Boot March 27 (BusinessDesk) - New Zealand shares rose, led by Synlait Milk and a2 Milk Co, with Sky Network Television rebounding from yesterday's selling. The S&P/NZX50 Index gained 75.71 points, or 0.9 percent, to 8,508.12. Within the index, 26 stocks rose, 16 fell and eight were unchanged. Turnover was $145.8 million. "The market is bouncing back after being sold off a bit further yesterday," said Grant Davies, investment adviser at Hamilton Hindin Greene. "Today's a risk-on day, the market got sold off over the past two...

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