MARKET CLOSE NZ shares edge higher as Xero charts new record, Sky TV gains

Wed, 20 Mar 2013

March 20 (BusinessDesk) – New Zealand shares rose, led by cloud-based accounting firm Xero, which added another $100 million to its market value to reach a new record while Sky Network Television rose to the highest in almost two years. The NZX 50 Index gained 4.39 points, or 0.1 percent, to 4349.43. Within the index, 21 stocks rose, 13 fell and 16 were unchanged. Turnover was about $131 million. Xero rose about 8 percent to $11.50. Investors who bought the stock a year ago have more than tripled their money. The stock has climbed since foun...

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