MARKET CLOSE: NZ shares rise, snapping six-day losing streak, led by NZ Refining, Xero and SkyCity

Fri, 16 Sep 2016

By Sophie Boot Sept. 16 (BusinessDesk) - New Zealand shares rose, snapping a six-session streak of declines, led by New Zealand Refining Co, Xero and SkyCity Entertainment Group. The S&P/NZX 50 Index gained 54.28 points, or 0.8 percent, to 7,250.52. Within the index, 32 stocks rose, 12 fell and six were unchanged. Turnover was $170.3 million. The local index is down 2.9 percent this week, starting the week on a sour note when it fell more than it did after the Brexit vote as investors dumped stocks on Wall Street on growing expectatio...

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