MARKET CLOSE: NZ shares fall as investors remain wary of Sky TV

Fri, 26 Jul 2019

By Paul McBeth July 26 (BusinessDesk) - New Zealand shares fell, led lower by Sky Network Television, as investors remain wary of the pay-TV operator's plans to get into online streaming. A2 Milk's sheen also came off in a regional sell-off. The S&P/NZX 50 Index dropped 90.67 points, or 0.8 percent, to 10,807.61. Within the index, 36 stocks fell, eight rose, and six were unchanged. Turnover was $101.9 million, with just three companies trading on volumes of more than a million shares. Sky TV led the market lower, down 3.2 percent at...

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