MARKET CLOSE: NZ stocks snap downwards streak, gains led by Sky TV, Tegel

Tue, 11 Oct 2016

By Sophie Boot Oct. 11 (BusinessDesk) - New Zealand shares rose for the first time in a week, led by Sky Network Television, Tegel Group Holdings, and Mainfreight. The S&P/NZX 50 Index rose 7.32 points, or 0.1 percent, to 7,124.24. Within the index, 26 stocks rose, 19 fell and five were unchanged. Turnover was $127.9 million. Overnight, Russia's president Vladimir Putin said the country would support joint measures mooted by OPEC to reduce oil production, which would reverse the global slump in prices. The price of Brent crude oil hit...

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