UPDATE MARKET CLOSE NZ shares rise on Australian growth, record Dow, Sky TV

Wed, 06 Mar 2013

(Adds Snakk Media debut) March 6 (BusinessDesk) – New Zealand shares rose, led by Air New Zealand and Kathmandu, after the Dow Jones Industrial Average hit a record high, better economic growth in Australia and as the local market digests New Corp’s Sky Network Television stake. The NZX 50 Index rose 28.81 points, or 0.7 percent, to 4297.97. Within the index, 30 stocks rose, 16 fell and four were unchanged. Turnover was $215 million, with about 30 percent of that made up of Sky TV shares. Sky TV rose 1 percent to $5.07 even after shedding i...

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