MARKET CLOSE: NZ shares rise in global surge; Diligent, Sky TV, Meridian climb

Thu, 19 Jun 2014

By Suze Metherell June19 (BusinessDesk) - New Zealand stocks advanced in a global rally after the Federal Reserve forecast lower interest rates, while government figures showed the local economy continues to grow. Diligent Board Member Services paced gains ahead reporting first-quarter sales. Sky Network Television and Meridian Energy rose. The NZX 50 Index rose 7.692 points, or 0.1 percent, to 5192.154. Within the index, 27 shares rose, 12 fell and 11 were unchanged. Turnover was $184 million. New Zealand's gross domestic product grew...

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