MARKET CLOSE: NZX 50 Index rises to record; MRP, Meridian gain on Tiwai, Trilogy soars

Mon, 03 Aug 2015

By Jonathan Underhill Aug. 3 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to a record, as MightyRiverPower and Meridian Energy gained on the decision to keep the Tiwai Point aluminium smelter open until at least 2017. Trilogy International soared after forecasting a jump in first-half sales and profit. The S&P/NZX 50 index advanced 36.89 points, or 0.6 percent, to 5,957.85. Within the index, 27 stocks rose, 18 fell and five were unchanged. Turnover was $72 million. Meridian climbed 3.1 percent to $2.32 after R...

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