MARKET CLOSE: NZ shares gain as Mercury wind farm has investors revisiting smelter fears

Tue, 12 Nov 2019

New Zealand shares edged higher as Mercury NZ's decision to press ahead with the second stage of what will be the country's biggest wind farm had some investors revisiting their fears of the energy-hungry Tiwai Point smelter closing. The S&P/NZX 50 Index increased 6.52 points, or 0.1 percent, to 10,926.31. Within the index, 23 stocks rose, 19 fell and eight were unchanged. Turnover was $140.4 million. Mercury, which will join the MSCI New Zealand Index later this month, today announced it will go ahead with a $208 million southern elemen...

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