MARKET CLOSE: NZ shares rise on bargain-hunting; Sky TV, Westpac, Air NZ gain

Wed, 13 Jan 2016

By Sophie Boot Jan. 13 (BusinessDesk) - New Zealand shares rose as investors were drawn to companies sold off since the New Year, such as Sky Network Television and Westpac Banking Corp, while Air New Zealand benefited from lower fuel costs. Warehouse Group and New Zealand Refining Co fell. The S&P/NZX 50 Index gained 39.52 points, or 0.7 percent, to 6151.87. Within the index, 30 stocks rose, 12 fell and eight were unchanged. Turnover was $119 million. "Confidence was definitely knocked a bit at the start of the year by China and oil,...

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