The New Zealand sharemarket closed at a record high, driven by support for the power generators. Photo / FileThe New Zealand sharemarket finished at a record high after the Democrats' success in run-off elections the US state of Georgia added to investors' appetite for New Zealand's hydro-dominated power companies. The S&P/NZX50 Index finished at 13,485.67, up 151.74 points or 1.1 per cent, following on from another record day on Wall Street. "Georgia has had its influence, even on our little market," Harbour Asset Management portfolio manager Shane Solly said. Meridian rallied by $1.40 or 16.4 per cent to close at a record $9.93.

Source: New Zealand Herald January 07, 2021 05:44 UTC