MARKET CLOSE NZ shares mixed; Chorus, Sky TV fall, Kiwi Income, Ryman gain

Tue, 12 Nov 2013

Nov. 12 (BusinessDesk) – New Zealand shares were mixed, with the NZX 50 Index slipping as Chorus and Sky Network Television fell, while Kiwi Income Property Group and Ryman Healthcare gained. The NZX 50 fell 6.504 points, or 0.1 percent, to 4915.668. Within the index, 25 stocks fell, 23 rose and two were unchanged. Turnover was $170 million. Chorus, whose earnings path now hangs on the government’s response to plans by the regulator to cut its prices, dropped 2.2 percent to $2.01. Telecom, one of the phone companies that stands to benefit fr...

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