MARKET CLOSE: NZ shares rise, led by Sky TV; SkyCity drops

Mon, 14 Mar 2016

By Sophie Boot March 14 (BusinessDesk) - New Zealand shares rose, led by Sky Network Television which has been on an investor roadshow to rally up support, while power companies Contact Energy and Trustpower gained. The S&P/NZX 50 index climbed 51.4 points, or 0.8 percent, to 6,566.83. Within the index, 30 stocks rose, 12 fell and eight were unchanged. Turnover was $147 million. Sky TV led the index, rising 8.4 percent to $4.93, a five-month high. Investors have been wary of the company as it struggles to retain subscribers with growi...

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