MARKET CLOSE: NZ shares fall; Sky routed on lost cricket rights

Thu, 10 Oct 2019

New Zealand shares fell as Sky Network Television was routed by the loss of its rights to broadcast domestic cricket matches, the stock slumping to an all-time low in heavy trading. The S&P/NZX 50 Index declined 54.13 points, or 0.5 percent, to 10,886.73. Within the index, 27 stocks fell, 19 rose, and four were unchanged. Turnover was $145.3 million. Sky sank 20.7 percent to 88 cents on a volume of 3.3 million shares, more than four times its 90-day average of 814,000. The pay-TV operator lost the rights to broadcast cricket played dome...

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