MARKET CLOSE: NZ shares follow Asia higher; SkyCity falls as fire rages

Tue, 22 Oct 2019

New Zealand shares were broadly stronger, joining the upbeat mood across Asia. SkyCity Entertainment Group hit a seven-week low as a fire atop the firm's new international convention centre raged throughout the day. The S&P/NZX 50 Index increased 27.64 points, or 0.3 percent, to 11,090.39. Within the index, 23 stocks rose, 21 fell and six were unchanged. Turnover was $96.3 million with just four stocks trading on volumes of more than a million shares. Asian markets followed Wall Street higher as investors took heart from positive noise...

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