RESEND: MARKET CLOSE: NZ shares rise, buoyed by Z while Skellerup drops

Fri, 29 Apr 2016

By Sophie Boot April 29 (BusinessDesk) - New Zealand shares rose after Z Energy gained regulatory approval to acquire rival petrol chains, increasing its market share, while Skellerup Holdings suffered after a profit downgrade. The S&P/NZX 50 Index gained 30.6 points, or 0.5 percent, to 6,820.59. Within the index, 20 stocks rose, 20 fell and nine were unchanged. Turnover was $213.8 million. "A lot of the increase is simply the effect of Z being up, but certainly given the offshore leads it's a not a bad performance by what has been a s...

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