MARKET CLOSE: NZX 50, Meridian, Genesis at record highs after dovish RBNZ

Thu, 11 Sep 2014

By Suze Metherell Sept. 11 (BusinessDesk) - New Zealand's benchmark NZX 50 Index rose to a record after the Reserve Bank signalled a slower pace of future interest rate hikes and investors bet a returning National government would ensure power companies such as Meridian Energy can maintain their dividend yield. Sky Network Television extended its gains after a selloff at the start of the week.  The NZX 50 rose 25.667 points, or 0.5 percent, to 5262.324. Within the index, 31 stocks rose, nine fell and 10 were unchanged. Turnover was a lowe...

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