MARKET CLOSE: NZ shares rise in subdued holiday trading; Tourism Holdings, Sky TV gain

Thu, 28 Dec 2017

By Jonathan Underhill Dec. 28 (BusinessDesk) - New Zealand shares rose in subdued holiday trading, keeping the S&P/NZX 50 Index on track for an annual gain of about 22 percent, as US tax cuts lifted sentiment for equities and for companies that do business in the US, such as Tourism Holdings. The S&P/NZX 50 index gained 32.1 points, or 0.4 percent, to 8,408.53. Within the index, 31 stocks rose, 14 fell, and five were unchanged. Turnover was a lighter-than-normal $54 million. Tourism Holdings gained 3.3 percent to $5.96. The shares of t...

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