Sky TV leads NZX50 for second day

Tue, 31 Aug 2021

New Zealand shares edged higher with Sky Network Television leading gains for a second day.The S&P/NZX 50 Index rose 34.66 points, or 0.3%, to 13,218.83. Turnover was $339 million.Volume was elevated with the trading session extended to give funds time to rebalance their portfolios before the quarterly MSCI equity index review happens overnight.Sky TV climbed to a post-pandemic high, up almost 8% at 19 cents, on extremely high volume with more than 17m shares changing hands, compared to an average of just 3.7m.ASB economist Nathaniel Keall...

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