MARKET CLOSE NZ shares rise as Ryman sets record; power companies tumble

Fri, 19 Apr 2013

April 19 (BusinessDesk) – New Zealand shares rose as Ryman Healthcare charted a new record high and Sky Network Television gained, helping offset a slide in TrustPower and Contact Energy in the wake of the Labour-Greens proposal to slash power prices. The NZX 50 Index gained 2.39 points, or 0.1 percent, to 4444.50. Within the index, 24 stocks fell, 16 rose and 10 were unchanged. Turnover of $226 million was boosted by higher-than-usual volumes of Sky TV and Ryman. Ryman, which is rated ‘outperform’ in a Reuters analyst poll, rose 3.4 percent...

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