Meridian Energy shares keep on defying gravity

Thu, 07 Jan 2021

Shares in utility firm Meridian Energy leapt a further 10 percent, pushing New Zealand’s benchmark equity index higher.Investors appeared to ignore today's extreme political turmoil in Washington DC while banking the fact that the Democratic Party now controls the presidency, and both Houses of the US Congress following wins in yesterday's Georgia state Senate run-off election. The S&P/NZX 50 Index rose 151.74 points, or 1.1 percent, to 13,485.67. Within the index, 24 stocks rose, 19 fell and seven were unchanged. Turnov...

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