MARKET CLOSE: NZX 50 Index rises to record, Meridian, MRP at new highs; Pacific Edge climbs

Thu, 25 Sep 2014

By Suze Metherell Sept. 25 (BusinessDesk) - New Zealand's NZX 50 Index rose to a record, as Meridian Energy and MightyRiverPower extended gains following the convincing win by the incumbent National-led government. A falling New Zealand dollar boosted currency exposed stocks, such as Fisher & Paykel Healthcare. The benchmark index rose 19.689 points, or 0.4 percent, to 5277.861. Within the index, 26 stocks rose, 16 fell and seven were unchanged. Turnover was $124.7 million. Saturday's general election delivered Prime Minister John Key...

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