NZ shares finish week 1% lower

Fri, 26 Mar 2021

The NZ sharemarket finished the week almost 1% weaker after a volatile Mercury NZ led another fall today. The S&P/NZX 50 Index fell 39.23 points, or 0.3%, to 12,348.83. Within the index, 24 stocks rose, 17 rose and nine were unchanged. Turnover was $198 million.Electricity company Mercury NZ has had dramatic price swings this week, trading as high as $6.64 yesterday before falling to $6.20 today. Across the week the utility gained 3.2% as investors continue to digest its purchase of Tilt Renewables NZ assets. Another electric...

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