Z Energy pushes NZX 50 above 13,000 points

Mon, 23 Aug 2021

It was a big day for the New Zealand share market as Z Energy shares soared on a buyout offer, Mainfreight broke above $90, and Serko shares jumped more than 10%.The S&P/NZX 50 Index rose 123 points, or 1%, to 13,064.07. Turnover was $200 million.Even among a number of dramatic share price swings, Z Energy was the star of the show as it surged 14.1% to $3.48 after the fuel retailer confirmed it had received a takeover bid.Australian petroleum company Ampol has offered to buy Z for $3.78 per share, which has been deemed enough for management...

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