NZUs trade up on back of forestry announcement
19 May 2014
The main regular supply of NZUs dried up on Friday, after the Government announced that post-1989 forest owners could not de-register (and re-register) with ERUs, effective immediately. OMFinancial reports:
This caused a spike in the price of NZUs, from an opening price of $3.14 to a close of $3.90, on heavy volume and active trading.
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