Sky TV leads NZX50 higher

Fri, 03 Sep 2021

New Zealand shares edged higher, led by Sky TV as investors backed its bid to grow revenue even as a new survey showed online competitor Netflix dominating the NZ market.The S&P/NZX 50 Index rose 8.4 points, or 0.1%, to 13,288.87. Turnover was $171.9 million.Forsyth Barr’s research team said the 5% return in August made it the index’s best month since November 2020, with mid-sized stocks outperforming with a 6.1% return.Entertainment company Sky TV led the index higher today, climbing 4.6% to reach 20.5 cents. The stock is now u...

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