MARKET CLOSE NZ shares gain with global rally on debt deal; Xero above $25

Thu, 17 Oct 2013

Oct. 17 (BusinessDesk) – New Zealand shares rose, as part of a global rally in equity markets after US politicians agreed a deal which would pass the US budget and lift the nation’s borrowing limit. Xero soared above $25 and Air New Zealand gained to a five-month high. The NZX 50 Index rose 17.231 points, or 0.4 percent, to 4776.002. Within the index, 18 stocks rose, 19 fell and 12 were unchanged. Share markets gained across Asia today following a rally of more than 1 percent on the Standard & Poor’s 500 Index and the Dow Jones Industrial A...

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