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Market close: Volatile energy stocks settle as sharemarket posts solid gain
7 Apr, 2021 05:43 AM
4 minutes to read
Contact rose 15c or 2.21 per cent to $6.94. Photo / File
NZ Herald
By: Graham Skellern
The New Zealand sharemarket posted a solid gain of more than half a per cent on a day when the volatile renewable energy stocks settled and corporate news was lacking.
The S&P/NZX 50 Index rose
87.10 points or 0.7 per cent to 12,487.59. There were 84 gainers and 57 decliners over the whole market on heavy volume of 85.85 million share transactions worth $289.84 million.
There was again reasonably strong trading in Contact Energy and Meridian as they continue to face selling from the offshore exchange traded funds, but their share prices held up. ....

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