MARKET CLOSE: NZ shares up as dollar weakens on OCR track, Pushpay, Skycity gain

Thu, 09 Aug 2018

By Sophie Boot Aug. 9 (BusinessDesk) - New Zealand shares gained as the dollar sank following the official cash rate update, with Pushpay Holdings recovering from recent selling and Skycity Entertainment Group continuing to gain. The S&P/NZX50 Index rose 68.1 points, or 0.77 percent, to 8,940.19. Within the index, 33 stocks rose, nine fell and eight were unchanged. Turnover was $95 million. This morning, Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent. That was widely expected, but Orr also said he now exp...

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