MARKET CLOSE: NZ shares rise as A2 extends rally; Sky TV, Xero advance

Tue, 29 Dec 2015

By Sophie Boot Dec. 29 (BusinessDesk) - New Zealand shares rose as A2 Milk Co extended its rally to new record, Xero and Sky Network Television advanced in a quiet market, and Ebos Group fell. The S&P/NZX 50 rose 66.9 points, or 1.1 percent, to 6292.43, a record high. Within the index, 29 stocks rose, 14 were unchanged and 7 fell. Turnover was $87 million. A2 Milk continued its pre-Christmas rally, rising 15 percent to $2.27. The stock closed above $2 for the first time today, and has more than doubled in value from $1.10 since Dec. 1...

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