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Market close: Volatile energy stocks settle as sharemarket posts solid gain

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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Investors pummel A2 Milk, pulling down sharemarket

Investors pummel A2 Milk, pulling down sharemarket
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

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Market close: Strong NZ dollar and mixed results weigh down sharemarket

Market close: Strong NZ dollar and mixed results weigh down sharemarket
22 Feb, 2021 04:43 AM
4 minutes to read
The travel stocks had a better day on the renewed hope of border re-openings. Photo / File
The travel stocks had a better day on the renewed hope of border re-openings. Photo / File
NZ Herald
By: Graham Skellern
There was plenty of action involving the New Zealand sharemarket, but in the end it fell one per cent, weighed down by mixed company results, rising wholesale interest rates and a strong NZ dollar.
The
S&P/NZX 50 Index was down 122.39 points or 0.98 per cent to 12,426.24 after reaching an intraday high of 12,588.38. There were 54 gainers and 90 decliners over the whole market on strong trading of 50.86 million shares worth $191.55 million. ....

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Electricity stocks climb higher; Meridian jumps to top spot

Meridian Energy jumped 4.4 per cent to $7.68. That pushed its market capitalisation to $19.68 billion, making it the most valuable company on the exchange. ....

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