MARKET CLOSE: NZ stocks rise; Spark, Contact gain; SkyTV plunges to 6-year low

Thu, 22 Oct 2015

By Suze Metherell Oct. 22 (BusinessDesk) - New Zealand shares rose. Spark New Zealand and Contact Energy advanced as investors bought dividend-paying stocks, as Sky Network Television plunged to a six-year-low on its bleak earnings outlook. The S&P/NZX 50 Index rose 5.33 points, or 0.09 percent, to 5923.59. Within the index, 23 stocks rose, 19 fell and eight were unchanged. Turnover was $189 million. In a low interest rate environment investors were drawn to equities which will offer them a return on their investment. Spark, the telec...

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