Updated: Electricity stocks shed value

Mon, 22 Mar 2021

Volatile electricity stocks sent the New Zealand market falling, as investors grappled with an ongoing review of a clean energy index proposing to triple the number of stocks it contains.The S&P/NZX 50 Index fell 186.13 points, or 1.5%, to 12,329.09. Within the index, 26 stocks fell, 18 rose and six were unchanged. Turnover was $147.5 million.Renewable energy stocks led the index’s sharp decline, bucking the sector’s reputation as being a reliable – and even boring – place to invest. Meridian Energy dropped...

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