MARKET CLOSE: NZ shares up, Mercury and Genesis gain while Xero flat on Drury selling

Fri, 17 Nov 2017

By Sophie Boot Nov. 17 (BusinessDesk) - New Zealand shares rose, led higher by gains from Mercury New Zealand and Genesis Energy, while Xero was flat on news its chief executive had sold 15 percent of his stake in the company. The S&P/NZX50 Index gained 27.28 points, or 0.3 percent, to 8,061.98. Within the index, 24 stocks rose, 16 fell and 10 were unchanged. Turnover was $238 million. Mercury New Zealand led the index higher, up 2.7 percent to $3.44, while Genesis Energy rose 2.3 percent to $2.42 and Summerset Group Holdings gained 1....

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