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Meridian, Contact, Genesis, Mercury and Trustpower shares fall in sharpest NZX drop in four months


Meridian, Contact, Genesis, Mercury and Trustpower shares fall in sharpest NZX drop in four months
11 Jan, 2021 05:15 AM
3 minutes to read
Contact Energy s share price fell as gentailers were hit in trading today. Photo / File
NZ Herald
By: Graham Skellern
The high-flying energy stocks were mauled by profit-taking as the New Zealand sharemarket suffered its heaviest fall in four months.
The S&P/NZX 50 Index slumped 268.10 points or 1.98 per cent to 13,290.09. The index
beat the previous biggest drop of 1.91 per cent on September 4 when it closed 11,824.31.
There were 68 gainers and 79 decliners over the whole market on steady volume of 110.2 million shares worth $159.93 ....

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