MARKET CLOSE: NZ shares rise as yield hunters return; Genesis, Vector gain

Fri, 17 Oct 2014

By Suze Metherell Oct. 17 (BusinessDesk) - New Zealand shares rose, paced by Genesis Energy and Vector as investors hunted yield. SkyCity Entertainment Group led the benchmark higher, buoyed by a strong first quarter. The NZX 50 Index rose 14.922 points, or 0.3 percent, to 5146.942. Within the index, 26 stocks rose, 16 fell and eight were unchanged. Turnover was $130 million. In recent weeks, overseas markets have been volatile, with the CBOE VIX Index, known as the fear gauge, spiking to its highest level since 2012 this week, as inve...

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