Energy stocks soar after election result

Energy company shares opened strongly this morning following National's resounding win in Saturday's election.

Meridian Energy opened up 10.3%, Mighty River is up 7.88%, Genesis is up 7.81% and Contact is up 6.1%. TrustPower opened up 3% higher.

Investors were nervous a Labour-Green coalition would regulate the electricity industry but now the threat has been removed by National being able to govern alone, investors feel the dividend yields of the stocks will improve.

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