MARKET CLOSE NZ shares break more records; Xero, Ryman at new highs

Tue, 30 Apr 2013

April 30 (BusinessDesk) – New Zealand shares rose, pushing the benchmark index to another record, as Xero, Ryman Healthcare and A2 Corp led companies making new highs. The NZX 50 Index rose 33.40 points, or 0.7 percent, to 4614.37. Within the index, 22 stocks rose, 23 fell and five were unchanged. Turnover was $144 million. New Zealand stocks have been driven higher by local and overseas investors looking for more income than they get from fixed interest, while others have piled into companies with earnings potential, such as Xero, which is...

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