MARKET CLOSE: NZ shares rise; Sky TV recovers on rugby rights rumour

Fri, 11 Oct 2019

New Zealand shares started soft but ended stronger as Sky Network Television pared back some of yesterday’s losses amid speculation it's won the rights to broadcast All Blacks and Super rugby matches. The S&P/NZX50 50 Index increased by 36.98 points, or 0.3 percent, to 10,923.71. Within the index, 27 stocks rose, 16 fell, and seven were unchanged. Turnover was $83.3 million Sky recouped some of yesterday's slump, rising 1.1 percent to 89 cents, having shed about a fifth of its value yesterday. Almost 1.5 million shares traded hands, afte...

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