MARKET CLOSE NZ shares rise on Genesis sentiment, MRP, Meridian gain; Xero leads market

Tue, 22 Apr 2014

By Suze Metherell April 22 (BusinessDesk) – New Zealand stocks rose as Genesis Energy held its gains on the second day of trading, lifting sentiment for fellow government-controlled energy companies, MightyRiverPower and Meridian Energy. Xero led gainers. The NZX 50 Index rose 1.591 points, or 0.03 percent, to 5104.939. Within the index, 15 stocks rose, 26 fell and nine were unchanged. Turnover was $108 million. Genesis maintained its price after listing last Thursday, as demand for shares in the majority state owned electricity generator...

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