MARKET CLOSE: NZ shares hit record; Synlait, a2 gain while Sky TV, Z Energy drop

Mon, 27 Aug 2018

By Sophie Boot Aug. 27 (BusinessDesk) - New Zealand shares hit a record, led higher by Synlait Milk and a2 Milk Co while Sky Network Television continued Friday's decline. The S&P/NZX50 Index rose 46.79 points, or 0.5 percent, to 9,206.42. Within the index, 28 stocks rose, 18 fell and four were unchanged. Turnover was $114 million. Synlait led the index higher, up 6.2 percent to $12.20, while a2 Milk rose 3 percent to $12.18. A2's shares have risen 9.4 percent since it announced its full-year results last week. It more than doubled net...

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