MARKET CLOSE: NZX 50 rises to record; Z Energy, Sky TV rise, SkyCity drops

Tue, 19 Apr 2016

By Sophie Boot April 19 (BusinessDesk) - New Zealand shares rose to a record amid speculation Z Energy's application to buy the Caltex chain will be approved. Sky Network Television and Fletcher Building also rose while SkyCity Entertainment Group dropped. The S&P/NZX 50 Index gained 21.8 points, or 0.3 percent, to 6,873.04. Within the index, 24 stocks rose, 16 fell and nine were unchanged. Turnover was $171.8 million. Z Energy led the index, gaining 3.7 percent to $7.08. The Commerce Commission's decision on whether to approve Z Energ...

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