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Passive fund pushes Meridian to record high

Blackrock funds tracking the S&P Clean Energy Index pile into the market.

Tim Hunter Wed, 09 Dec 2020

Shares in gentailer Meridian have topped $7 for the first time, driven by voracious buying from a global passive fund.

Turnover in the stock hit more than $25 million and the shares reached a high yesterday of $7.10, valuing the company at more than $18 billion, before closing at $7.

Meridian

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Tim Hunter Wed, 09 Dec 2020
Contact the Writer: thunter@nbr.co.nz
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Passive fund pushes Meridian to record high
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