MARKET CLOSE: NZ shares edge up; Genesis gains on thermal advantage, Heartland dips

Thu, 15 Jun 2017

By Paul McBeth June 15 (BusinessDesk) - New Zealand shares edged up in light trading as the lead-up up to the end of the June financial year has investors waiting on earnings updates. Genesis Energy gained as the power company's thermal assets look set to insulate it from low hydro-lake levels, while Heartland Bank followed the Australian banks lower. The S&P/NZX 50 index increased 32.36 points, or 0.4 percent, to 7,516.35. Within the index, 27 stocks gained, 14 fell and nine were unchanged. Turnover was $121.2 million in a day where 11...

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