MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby rights; Spark, Ebos gain

Fri, 24 Oct 2014

By Suze Metherell Oct. 24 (BusinessDesk) - New Zealand shares advanced to a record for a third day, led by Sky Network Television after the pay-TV operator raised its profit forecast and extended its contract for rugby rights. Spark New Zealand, Ebos Group and Vector gained as an offshore rally flowed through to the local market. The NZX 50 Index rose 41.001 points, or 0.8 percent, to 5333.826. Within the index, 37 shares rose, eight fell and five were unchanged. Turnover was $144 million. Sky TV climbed 3.4 percent to $6.13, after the...

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