MARKET CLOSE NZ shares gain; Ryman, Trade Me rise, Xero falls

Tue, 09 Jul 2013

July 9 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a six-week high, as retirement village operator Ryman Healthcare edged up to a new record and auction website Trade Me rose. Xero fell from a record high. The NZX 50 climbed 30.394 points, or 0.7 percent, to 4523.691, the highest close since May 24. Within the index, 28 stocks rose, 14 fell and eight were unchanged. Turnover was a lower-than-average $78 million. The NZX 50 peaked in May before sliding to a 15-month low in June and has now resumed its ascent. “Some...

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