MARKET CLOSE: NZ shares rise; Sky TV, Smartpay gain while Chorus falls to 5-month low

Thu, 31 Aug 2017

By Sophie Boot Aug. 31 (BusinessDesk) - New Zealand shares rose, with Sky Network Television and Contact Energy gaining while Chorus hit a five-month low. The S&P/NZX50 Index rose 41.9 points, or 0.5 percent, to 7,817.1. Within the index, 30 stocks gained, 17 fell and three were unchanged. Turnover was $179 million. Sky Network Television led the index, rising 2.9 percent to $2.84, while Contact Energy gained 2.4 percent to $5.58 and Trade Me Group advanced 2.2 percent to $4.65. Chorus fell 1.2 percent to $4. The shares have fallen...

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