MARKET CLOSE: NZ shares up as yield appeals, Sky TV and A2 gain

Wed, 06 Sep 2017

By Sophie Boot Sept. 6 (BusinessDesk) - New Zealand shares rose, with Sky Network Television bouncing back from lows and A2 Milk Co advancing to a new record. The S&P/NZX50 Index gained 12.81 points, or 0.2 percent, to 7,790.21. Within the index, 23 stocks rose, 22 fell and five were unchanged. Turnover was $160.3 million. James Smalley, senior advisor at Hamilton Hindin Greene, said the local index had held up well given offshore weakness from the US market overnight and negative leads from Australia. "I think investors are just c...

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