MARKET CLOSE: NZ stocks mixed as investors hunt yield, led by Meridian

Thu, 07 Aug 2014

By Suze Metherell Aug. 7 (BusinessDesk) - New Zealand stocks were mixed as investors hunting yield kept a lid on international selling pressure. Meridian Energy led the benchmark index, paced by Telecom Corp and Tower. The NZX 50 Index edged up 2.57 points, or 0.1 percent, to 5097.509. Within the index, 18 shares rose, 23 fell and nine were unchanged. Turnover was $125.5 million. Asia-Pacific markets fell as escalating tensions between Ukraine and Russia spooked investors. Japan's Nikkei 225 Index dropped 0.4 percent in afternoon tradi...

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