Investors cash up $100m for renewable energy sell-off

Thu, 15 Apr 2021

New Zealand shares fell as investors raised cash to buy shares in renewable energy stocks tomorrow when fund manager BlackRock is required to reduce its holdings. The S&P/NZX 50 Index fell 114.83 points, or 0.9%, to 12,636.55. Within the index, 30 stocks fell, 17 rose and three were unchanged. Turnover was $197.9 million.Traders have drawn jagged lines on NZX 50 charts this month as a pattern with one or two strong days immediately followed by a correction. The trend has resulted in a gradual gain with the index up 4.5% from its l...

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