The Markets

NZ shares rise as index funds rebalance

Friday 19th of March 2021

The S&P/NZX 50 Index rose 19.08 points, or 0.2 percent, to 12,515.22. Within the index, 30 stocks fell, 17 rose and three were unchanged. Turnover was $514.5 million due to the rebalance.

Mercury NZ led the market higher, up 4.8% to close out the week at $6.55 after having struck a deal on Monday to buy Tilt Renewables’ NZ assets.

The electricity generator is now up al...

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