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New Zealand Shares at All-Time High; Meridian Energy Logs Earnings in Fiscal 2026, Revenue Down

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New Zealand shares reached an all-time high on Wednesday as nearly all Asian markets saw gains after Tuesday's rally in Wall Street shares.

The S&P/NZX 50 Index gained 0.15% or 20.49 points to close at 14,013.21, reaching an all-time high and crossing the 14,000 mark.

On Tuesday, the S&P 500 added 0.3%, and the Nasdaq Composite gained 0.7%, while the Dow Jones lifted 0.3%.

In domestic news, total new residential mortgage lending in New Zealand fell to NZ$7.85 billion in July from NZ$8.45 billion in June, according to data from the Reserve Bank of New Zealand.

In corporate news, Meridian Energy (ASX:MEZ, NZE:MEL) logged NZ$0.049 in earnings per share for fiscal 2026, compared with a loss of NZ$0.174 a year ago.

Scales (NZE:SCL) logged NZ$0.36 in underlying earnings per basic share for the first half, compared with NZ$0.34 a year ago.

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