MARKET CLOSE: NZ shares up on no news, Metro Glass and Sky TV bounce

Fri, 05 Jan 2018

By Sophie Boot Jan. 5 (BusinessDesk) - New Zealand shares gained with global equity markets in the absence of local corporate news, with Metro Performance Glass and Sky Network Television rising while Freightways dropped. The S&P/NZX 50 Index rose 12.05 points, or 0.1 percent, to 8,455.55. Within the index, 23 stocks gained, 15 fell and 12 were unchanged. Turnover was $122 million. "There's no new fundamental news at all," said Matt Goodson, managing director at Salt Funds Management. "It's really just flow driven on light volumes, not...

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