MARKET CLOSE: NZX 50 rises to a record; MRP, Meridian, Genesis climb

Fri, 23 Jan 2015

By Suze Metherell Jan. 23 (BusinessDesk) - New Zealand shares rose in a global rally, paced by Genesis Energy, Meridian Energy and MightyRiverPower, as investors sought income-paying investments in a globally low interest rate environment. The NZX 50 Index rose 28.093 points, or 0.5 percent, to 5675.238, having risen as much as 1.2 percent to an intraday record of 5712.661. Within the index, 30 stocks rose, 12 fell and eight were unchanged. Turnover was $112 million. Overnight the European Central Bank confirmed it will launch a bigger...

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