MARKET CLOSE: NZ shares rise; Sky TV up while NZ Refining falls

Fri, 20 May 2016

By Sophie Boot May 20 (BusinessDesk) - New Zealand shares rose as Sky Network Television gained on perceptions it may be closer to fair value after shedding a quarter of its value while New Zealand Refining dropped. The S&P/NZX 50 Index gained 6.24 points, or 0.09 percent, to 6,909.86. Within the index, 24 stocks rose, 20 fell and six were unchanged. Turnover was $143.8 million. Sky Network Television led the index, gaining 4.7 percent to $4.21. The stock dropped 26 percent over four sessions since May 6th after saying subscriber numb...

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