MARKET CLOSE: NZ shares rise, led by Air NZ, Spark; Sky TV drops on merger fail

Thu, 23 Feb 2017

By Sophie Boot Feb. 23 (BusinessDesk) - New Zealand shares rose, led by Air New Zealand and Spark New Zealand while Sky Network Television fell to its lowest level in almost eight years after its merger with Vodafone was disallowed by the Commerce Commission. The S&P/NZX50 Index gained 27.04 points, or 0.4 percent, to 7,089.52. Within the index, 28 stocks rose, 14 fell and eight were unchanged. Turnover was $186.3 million. Sky TV dropped 13 percent to $3.78, making it the biggest decliner on the day and reaching the lowest level since...

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