NZ shares rise as index funds rebalance

Fri, 19 Mar 2021

New Zealand's main share index edged higher as volatile electricity stocks rallied from a recent decline with the S&P/NZX and FTSE Russell Index funds completing their quarterly rebalance in an extended trading session. The S&P/NZX 50 Index rose 19.08 points, or 0.2 percent, to 12,515.22. Within the index, 30 stocks fell, 17 rose and three were unchanged. Turnover was $514.5 million due to the rebalance.Mercury NZ led the market higher, up 4.8% to close out the week at $6.55 after having struck a deal on Monday to buy Tilt Rene...

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