NZ shares caught in global hunt for clean energy

Tue, 08 Dec 2020

Renewable electricity stocks pushed the New Zealand sharemarket higher as global investors battled to buy shares in relatively scarce clean energy generators such as Meridian Energy. The S&P/NZX 50 Index rose 63.57 points, or 0.5 percent, to 12,719.59. Within the index, 26 stocks fell, 22 rose and two were unchanged. Turnover was $255.9 million.Cancer diagnostics firm Pacific Edge has posted the biggest gain almost every day since Jarden predicted it could hit $1.40 in the next 12 months. Today was no exception as it rose 7.2 percent t...

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