MARKET CLOSE: NZX 50 rises to new record on yield hunt; MRP, Spark, Sky TV gain

MARKET CLOSE: NZX 50 rises to new record on yield hunt; MRP, Spark, Sky TV gain
By Suze Metherell Oct. 28 (BusinessDesk) - New Zealand shares edged up to a new record, paced by MightyRiverPower and Argosy Property, as investors bought dividend paying equities on the expectation interest rates will stay lower for longer. Guinness Peat Group dropped after updating the market about ongoing uncertainty around its UK pension obligations. The NZX 50 Index rose 4.505 points, or 0.1 percent, to 5338.331, rising to a record for the fourth consecutive day. Within the index, 25 stocks rose, 19 fell and six were unchanged. Turno...