MARKET CLOSE: NZ shares flat as Tiwai smelter rumours swirl

Thu, 06 Aug 2020

New Zealand shares edged higher as rumours of negotiations to delay closing the Tiwai Point aluminium smelter pushed Contact Energy and Meridian Energy higher. Exporters A2 Milk and Fisher & Paykel Healthcare fell. The S&P/NZX 50 Index increased 6.87 points, or 0.1 percent, to 11,764.59. Within the index, 31 stocks rose, 15 fell, and four were unchanged. Turnover was $151.4 million. Meridian has been in talks with smelter owner Rio Tinto to try to extend the scheduled closure of the aluminium smelter beyond August next year and allow for...

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