MARKET CLOSE: NZ share rise, led by Xero; Genesis, Meridian gain

Fri, 13 Mar 2015

By Suze Metherell March 13 (BusinessDesk) - New Zealand shares rose led by Xero as it finalised its $147.2 million capital raise. Genesis Energy and Meridian Energy paced the gain as investors sought dividend paying stocks. The NZX 50 Index rose 21.805 points, or 0.4 percent, to 5908.588. Within the index, 21 stocks rose, 17 fell and 12 were unchanged. Turnover was $121 million. Xero advanced 5.1 percent to $25.60, its highest level since last August. The cloud-based accounting system issued 7.4 million shares to two American tech in...

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