MARKET CLOSE NZ shares gain on global rally; Diligent, Pacific Edge lead gains

Wed, 16 Apr 2014

By Suze Metherell April 16 (BusinessDesk) - New Zealand stocks joined a global rally as US company earnings growth lifted sentiment for equity markets. Diligent Board Member Services led the benchmark index higher after reporting first-quarter sales growth. Pacific Edge and Skellerup Holdings paced gains. The NZX 50 Index rose 14.264 points, or about 0.3 percent, to 5090.549. Within the index, 27 stocks rose, nine fell and 14 were unchanged. Turnover was $117.5 million. Wall Street rose for a second day after Coca Cola Co posted 2 percent...

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