SKT Sky Network Television Limited

0510 GMT [Dow Jones] The NZX-50 finishes 0.4% or 16 points higher at 4269.16, tracking the Australian market's gains when local sentiment was helped by stronger-than-expected Aussie data. Sky Television (SKT.NZ) sheds 2.9% to NZ$5.02 after coming off a trading halt after News Corp. (NWS.AU) sold its 44% stake in the company. The share held up fairly well as some investors sought it ahead of it going ex-dividend Wednesday. News Corp. owns Dow Jones & Co., publisher of The Wall Street Journal and this newswire. The government recently said that its plan to sell nearly half its stake in state-owned Mighty River Power Ltd. has generated strong early interest in the domestic market. (rebecca.howard@wsj.com)

 
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com 
 
 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires