MARKET CLOSE: NZ shares rise, Scales and Mercury gain while Comvita drops on earnings

Tue, 21 Feb 2017

By Sophie Boot Feb. 21 (BusinessDesk) - New Zealand shares rose as Scales and Mercury gained and Comvita dropped after its earnings report. The S&P/NZX 50 Index rose 16.19 points, or 0.2 percent, to 7,115.69. Within the index, 23 stocks rose, 20 fell and seven were unchanged. Turnover was $132.5 million. Scales Corp was the best performer, up 3.7 percent to $3.63, with Sky Network Television rising 2.3 percent to $4.47 and Stride Property gaining 1.7 percent to $1.81. Mercury NZ advanced 1 percent to $3.05. The electricity generato...

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