MARKET CLOSE: NZ shares rise in heavy trading as Spark, Contact clear big orders

Thu, 14 Mar 2019

By Paul McBeth March 14 (BusinessDesk) - New Zealand shares rose in heavy trading with Spark New Zealand and Contact Energy attracting some big placements from large investors repositioning their portfolios. Sky Network Television extended its recovery on large volumes. The S&P/NZX 50 Index increased 47.81 points, or 0.5 percent, to 9,435.50. Within the index, 19 stocks gained, 26 fell, and five were unchanged. Turnover was $449 million, of which Spark accounted for $199.1 million and Contact $102.8 million. Trading was unusually bus...

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