MARKET CLOSE NZ shares gain as Xero soars to $20.58, Pumpkin Patch falls

Tue, 15 Oct 2013

Oct. 15 (BusinessDesk) – New Zealand shares rose, as Xero soared to a record and Diligent Board Member Services rebounded from a two-day slump after a broker reiterated a ‘buy’ recommendation. Pumpkin Patch, which is to drop out of the benchmark index, led decliners. The NZX 50 Index rose 13.758 points, or 0.3 percent, to 4747.925. Within the index, 20 stocks rose, 18 fell and 12 were unchanged. Turnover was about $105 million. Xero climbed 4.5 percent to $20.58, elevating the as-yet unprofitable company to eighth biggest on the exchange fol...

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