MARKET CLOSE: NZ shares rise on continued hunger for yield; SkyCity, Freightways up, Skellerup down

Tue, 15 Mar 2016

By Sophie Boot March 15 (BusinessDesk) - New Zealand shares rose, marking the ninth consecutive record high for the benchmark index, as low interest rates underpinned demand for dividend yields. SkyCity Entertainment Group and Freightways gained while Skellerup and NZX dropped. The S&P/NZX 50 Index rose 11 points, or 0.2 percent, to 6,577.83. Within the index, 20 stocks rose, 19 fell and 11 were unchanged. Turnover was $196 million. The local bourse has now risen for twelve trading sessions in a row, more than regaining its losses from...

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