MARKET CLOSE: NZ shares rise as A2 hits record, Air NZ gains on earnings; Sky TV hits all-time low

Wed, 23 Aug 2017

By Sophie Boot Aug. 23 (BusinessDesk) - New Zealand shares rose led by A2 Milk Co reaching a record and Air New Zealand gaining on their respective annual earnings while Sky Network Television fell to an all-time low. The S&P/NZX50 Index gained 12.38 points, or 0.2 percent, to 7,879.46. Within the index, 21 stocks rose, 19 fell and 10 were unchanged. Turnover was $175 million. A2 Milk climbed 5.9 percent to a record $5.20. The milk marketer tripled its annual profit to $90.6 million and said it would use some of its accumulated cash to...

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