New Zealand shares advance

Equities on the New Zealand share market rose on Tuesday, 29 April 2014, amid speculation the incumbent National-led government will return for a third term. Meridian Energy, MightyRiverPower, Contact Energy and Genesis Energy paced gains. The NZX 50 Index rose 32.492 points, or 0.6%, to 5148.291. Within in the index, 28 stocks rose, 13 fell and nine were unchanged.

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