MARKET CLOSE: NZ shares rise, Z Energy & Ebos gain while SkyTV keeps falling

Tue, 01 Mar 2016

By Sophie Boot March 1 (BusinessDesk) - New Zealand shares rose, joining a global rally in stocks after China's central bank took steps to further stimulate the world's second-biggest economy and boosting investors' appetite for risk-sensitive assets. Z Energy and Ebos Group gained, while Sky Network Television extended its decline. The S&P/NZX 50 gained 50.03 points, or 0.8 percent, to 6,280.9. Within the index, 27 stocks rose, 14 fell and nine were unchanged. Turnover was $154.5 million. Global equity markets rallied after the Peop...

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