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Market close: NZ sharemarket falls nearly 1% ahead of ETFS activity


Market close: NZ sharemarket falls nearly 1% ahead of ETFS activity
15 Apr, 2021 05:38 AM
4 minutes to read
After some steady rises over the past two weeks, both Contact and Meridian fell. Photo / Supplied
After some steady rises over the past two weeks, both Contact and Meridian fell. Photo / Supplied
NZ Herald
By: Graham Skellern
The New Zealand sharemarket was a little edgy and fell nearly 1 per cent as it awaited Friday s unique exchange traded funds activity in the leading energy stocks, Contact and Meridian.
The S&P/NZX 50 Index
closed at 12,636.55, down 114.83 points or 0.9 per cent on solid volume of 64.6 million share transactions worth $219.62 million. The index fell from an early morning burst that reached 12,770.83 points. ....

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Market Close: Passive funds dominate NZ sharemarket


Market Close: Passive funds dominate NZ sharemarket
6 Jan, 2021 05:40 AM
3 minutes to read
The S&P/NZX50 index slipped 0.25 per cent to 13333.93 points on turnover of 73m shares worth $200.5 million.
The S&P/NZX50 index slipped 0.25 per cent to 13333.93 points on turnover of 73m shares worth $200.5 million.
NZ Herald
Passive funds were again the dominant theme of the New Zealand sharemarket today with Contact Energy the main beneficiary owing to its top ten position in the S&P Global Clean Energy Index.
At one point
Contact traded through $10, continuing its strong run along with Meridian Energy - another Clean Energy ETF constituent. ....

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