MARKET CLOSE: NZ shares rise led by Meridian on political polls; Pacific Edge gains

Fri, 05 Sep 2014

By Suze Metherell Sept. 5 (BusinessDesk) - New Zealand shares rose, led by Meridian Energy after political polls showed support for the incumbent National-led government ahead of this month's election. Pacific Edge advanced for a third day on news of its US patent. The NZX 50 Index rose 25.319 points, or 0.5 percent, to 5253.868. Within the index, 29 stocks rose, 14 fell and seven were unchanged. Tunrover was $150 million. Two political polls showed a firming in support for the National-led government returning for a third term led by...

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