Gentailers dominate trade; Mercury wind farm has investors revisiting smelter fears
New Zealand shares edged higher as Mercury NZ's decision to press ahead with the second stage of what will be the country's biggest wind farm had some investors revisiting their fears of the energy-hungry Tiwai Point smelter closing.
MORE»Retirement villages buoyed by Auckland housing market bounce
New Zealand shares gained, led by Summerset Group, as retirement village operators extended their gains following signs of a recovery in the Auckland property market. Abano Healthcare jumped on a takeover bid.
MORE»NZ shares rise as Fletcher remains in MSCI index
New Zealand shares gained as Fletcher Building and Mercury NZ rose on the back of their inclusion in the MSCI New Zealand Index.
MORE»NZX50 firms in mixed trade: Pushpay extends gain while Trustpower falls
The key New Zealand share index was mildly stronger despite the number of its constituents falling matching those that gained. Pushpay Holdings extended its gains after reporting strong results and A2 Milk bounced back from Wednesday's sell-down.
MORE»A2 Milk faces new China competition driving down share prices
New Zealand shares declined after A2 Milk fell on news of a new competitor in China's infant formula market and as rising bond yields made dividend stocks less attractive.
MORE»