MARKET CLOSE NZ shares fall as Diligent extends slump, Xero soars

Mon, 14 Oct 2013

Oct. 14 (BusinessDesk) – New Zealand shares fell as Diligent Board Member Services was punished for a second day over its pace of sales growth and SkyCity Entertainment Group slipped on bigger than usual volumes. Xero soared to a record close after raising more funds from US investors. The NZX 50 Index fell 6.603 points, or 0.1 percent, to 4734.167. Within the index, 24 stocks fell, 16 rose and 10 were unchanged. Turnover was $104 million. Diligent dropped 15 percent to $4.12, adding to its 14 percent decline on Friday, when the boardroom so...

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