Government energy reforms spark NZX rally, Meridian leads gentailer gains

Government energy reforms spark NZX rally, Meridian leads gentailer gains
The big four gentailers had their share prices rise following the Government's announcement on energy sector reforms. (Image: Supplied)
Tom Raynel
The New Zealand sharemarket lifted on Wednesday as the big four gentailers rallied after the Government’s announcement of energy sector reforms.The S&P/NZX 50 Index closed up 1.07% or 141.63 points, rising to 13,433.99 after 46 million shares worth $181.1 million traded.The S&P/NZX 20 index closed at 7,721.78 points, up 1.07%, while the S&P/NZX 10 index ended the day at 12,869.12, rising 1.16%.There were 98 gainers and 48 decliners on the main board.The Government, in response to a long-awaited report from consultancy Frontier...

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