MARKET CLOSE NZ shares gain; SkyCity up as convention deal confirmed, MRP falls

Mon, 13 May 2013

May 13 (BusinessDesk) – New Zealand shares rose, extending the NZX 50 Index’s advance this year to more than 14 percent, as investors welcomed confirmation of SkyCity Entertainment Group’s convention centre deal and Chorus posted growth in broadband connections. The NZX 50 rose 18.86 points, or 0.4 percent, to a record close of 4671.63. Within the index, 27 stocks rose, 13 fell and 10 were unchanged. Turnover was $124 million. SkyCity rose 2.3 percent to $4.50 after the casino and hotel company agreed to develop a $402 million convention cen...

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