MARKET CLOSE: NZX 50 hits record; Meridian up on transmission charges, Ryman at all-time high

Tue, 17 May 2016

By Jonathan Underhill May 17 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to a new record on expectations Meridian Energy will be a key beneficiary of proposed changes to electricity transmission charges. Ryman Healthcare gained to an all-time high ahead of its full-year results on Friday while New Zealand Refining dropped after reporting a slimmer refining margin. The NZX 50 rose 60.74 points, or 0.9 percent, 6974.8. Within the index, 28 stocks gained, 11 fell and 11 were unchanged. Turnover was $157 million....

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