NZ sharemarket drops slightly by 0.02% as key index makes changes

Investors weigh up energy stocks. (Image: NZME)

Wed, 12 Feb 2025

Contact Energy will join a leading MSCI global index at the expense of Mercury as the New Zealand sharemarket drifted to a small loss.The S&P/NZX 50 traded in a range of 12,882.21 to 12,935.74 before closing at 12,913.95, down 3.5 points or 0.027%.A total of 38.62 million shares worth $156.83 changed hands and all eyes were on Mercury, gaining 21c or 3.29% to $6.60 on trade worth $16.39m and Contact, down 5c to $9.25 on trade worth $31.87m. Contact will be added to the MSCI Global Standard Index on Feb 28. 'A little bit volat...

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