MARKET CLOSE: NZ shares gain; Sky soars on NZ Rugby deal

MARKET CLOSE: NZ shares gain; Sky soars on NZ Rugby deal
Paul McBeth
New Zealand shares rose, led by a strong recovery in Sky Network Television after the pay-TV operator all-but secured rugby broadcasting rights in a deal that will also bring NZ Rugby on as a substantial shareholder.  The S&P/NZX 50 Index increased 102.89 points, or 0.9 percent, to 11,026.60. Within the index, 29 stocks rose, 14 fell, and seven were unchanged. Turnover was $115.3 million, of which Sky accounted for $14.6 million.  Sky jumped 19 percent to $1.06, unwinding much of last week's savaging, after saying it secured the rights to...

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Paul McBeth 13 Jun 2024