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Mon, 28 Apr 2014

By Suze Metherell April 24 (BusinessDesk) – New Zealand stocks rose, energy stocks extended a rally for a second day as turmoil in the Labour Party fuelled speculation the incumbent National-led government will return for a third term. Meridian Energy, MightyRiverPower, Contact Energy and Genesis climbed. The NZX 50 Index rose 11.041 points, or 0.2 percent, to 5153.963. Within the index, 23 stocks rose, 13 fell and 14 were unchanged. Turnover was $123 million. The surprise exit from politics by Labour MP Shane Jones, who ran for the party’s lea...

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