MARKET CLOSE NZ shares rise, paced by Skellerup, Sky TV; Chorus falls

Mon, 26 Aug 2013

Aug. 26 (BusinessDesk) – New Zealand shares rose paced by companies that delivered on earnings expectations, including Skellerup Holdings, Sky Network Television and Telecom. Chorus dropped after forecasting flat-to-lower 2014 earnings. The NZX 50 Index rose 21.46 points, or 0.5 percent, to 4545.669. Within the index, 30 stocks rose, 13 fell and seven were unchanged. Turnover was $100.5 million. Skellerup, the industrial rubber goods manufacturer, rose 3.4 percent to $1.52. Last week the company beat its guidance with a 23 percent decline in...

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