NZ sharemarket rises with gentailers leading after Contact-Manawa deal

NZ sharemarket sparked on Friday on electricity takeover approval. (Image: Getty)

Fri, 09 May 2025

The New Zealand sharemarket closed on Friday with electricity gentailers leading the positive momentum.The S&P/NZX 50 Index closed up 1.11% or 138.04 points, rising to 12,605.07, with 41,673,190 shares changing hands to the value of $151 million.The S&P/NZX20 index closed at 7,471.87, up 1.16%, while the S&P/NZX10 index closed at 1,911.09, up 1.38%.There were 97 gainers on the main board and 41 decliners.Contact-Manawa dealGentailers across the board had the most movement on Friday after Contact Energy was given the green light to a...

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