NZ shares rise as investors optimistic electricity market will stay stable under National Govt

Fri, 28 Mar 2014

By Tina Morrison March 28 (BusinessDesk) - New Zealand stocks advanced, led by electricity shares as investors anticipate the National Party may win this year’s election, boding well for the sector under threat of increased regulation and lower earnings should a Labour-Greens coalition gain power. The NZX 50 Index rose 16.363 points, or 0.319 percent, to 5142.896. Within the index, 23 stocks rose, 20 fell and six were unchanged. Turnover was $112.6 million. “The stand out would have to be the electricity generators today,” said Hamilton Hin...

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