MARKET CLOSE: NZ shares rise as Orion extends gain, Sky TV keeps falling

Mon, 29 Feb 2016

By Sophie Boot Feb. 29 (BusinessDesk) - New Zealand shares rose, as Orion Health Group continued to rally on a new US deal, while Sky Network Television extended its fall. The S&P/NZX 50 Index gained 5.9 points, or 0.1 percent, to 6230.88. Within the index, 31 stocks rose, 16 fell and three were unchanged. Turnover was $157.8 million. Orion Health gained 5.9 percent to $3.04, continuing its upwards trend from Friday when it jumped 15 percent after announcing a deal to provide its Amadeus platform to Nasdaq-listed Cognizant Group. The...

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