MARKET CLOSE: NZ shares gain led by tech stocks Xero, Diligent

Tue, 17 Jul 2012

By Hannah Lynch July 17 (BusinessDesk) - New Zealand shares rose paced by tech stocks, Xero and Diligent Board Member Services as the new entrants to the benchmark index confirmed their global expansion continues. The NZX 50 Index rose 1.52 points, or 0.04 percent, to 3468.86. Within the index, 23 stocks rose, 17 fell and 10 were unchanged. Turnover was about $104 million. Xero, the cloud-based accounting platform provider, lead the gains up 8.6 percent to $5.70, while Diligent rose 2 percent to $4.00. The tech-companies joined the NZX 0 in...

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