NZ sharemarket rises strongly on power company gains

Meridian Energy shares rose 3.05% to $5.75, up 17c. (Image: Meridian)

Wed, 04 Jun 2025

The New Zealand sharemarket rose more than 1% on Wednesday, boosted by strong gains from power companies Meridian Energy and Mercury NZ.The S&P/NZX 50 Index closed up 1.36% or 167.48 points, rising to 12,494.71, with over 42 million shares changing hands to the value of $211.44m.The S&P/NZX 20 index closed at 7,367.21, up 1.36%, while the S&P/NZX 10 index closed at 1,891.01, up 1.31%.There were 95 gainers on the main board and 44 decliners.Mercury NZ’s share price rose 4.24% to $5.90, up 24c, with 1,387,594 shares trading hand...

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