MARKET CLOSE:NZ shares rise as earnings loom; Air NZ, Telecom, Sky TV rise

Mon, 21 Jul 2014

By Suze Metherell July 21 (BusinessDesk) - New Zealand stocks rose as investors gauged the potential for listed companies to deliver earnings growth when results season kicks off next month. Air New Zealand led gainers, having sold off on Friday after a Malaysian passenger plane was shot down. Sky Network Television and Telecom paced the advance. The NZX 50 Index rose 17.973 points, or 0.4 percent, to 5126.899. Within the index, 24 stocks rose, 18 fell and eight were unchanged. Turnover was $102.7 million. "We've gone through a strong...

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