MARKET CLOSE:NZ shares rise, led by Chorus after Comcom draft, Spark drops

Tue, 02 Dec 2014

By Suze Metherell Dec. 2 (BusinessDesk) - New Zealand shares rose, led by Chorus, after the Commerce Commission lifted the amount the network operator can charge on its regulated copper lines. Spark New Zealand fell on the regulator's decision. The NZX 50 Index edged up 0.413 points, or 0.01 percent, to 5430.035. Within the index, 24 stocks rose, 19 fell and seven were unchanged. Turnover was $146 million. In a draft determination issued this morning, the competition watchdog effectively lifted prices Chorus, the regulated telecommun...

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