Power companies dominate Top 10 as MRP enters NZX50

Fri, 12 Jul 2013

July 12 (BusinessDesk) - State-controlled power company MightyRiverPower will join the benchmark NZX 50 index later this month as the sixth biggest company on the stock market. With MRP’s inclusion in the index from July 22, four of the country’s 10 largest NZX companies by market capitalisation will be electricity sector players, with Meridian Energy’s $3.3 billion or so float hanging over the market for third quarter partial privatisation and listing. Contact Energy weighs in at fourth in the index, behind Telecom, MRP is sixth-largest, net...

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