Mercury Energy impresses as NZX 50 dips 0.3%

Mercury Energy's result beat market consensus expectations. (Image: Supplied)

Tue, 19 Aug 2025

Sharp gains in dairy stocks were not enough to keep the New Zealand sharemarket's benchmark index above the ledger on Tuesday. The S&P/NZX 50 declined 0.32% to 12,928.68 points, with 55.9 million shares worth $154.4m changing hands. Harbour Asset Management portfolio manager Shane Solly said it had been an “action-packed day” on the local bourse, starting with a “solid result" from Mercury Energy. Mercury shares rose 1.64% to $6.495 despite the company reporting a net profit after tax (npat) of $1m,...

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