MARKET CLOSE NZ shares gain; Xero, GPG, Air NZ advance

Fri, 30 Aug 2013

Aug. 30 (BusinessDesk) – New Zealand shares rose as cloud-based accounting firm Xero reached a customer milestone, large volumes of Guinness Peat Group traded off-market and Air New Zealand continued to benefit from its improving profits. The NZX 50 Index gained 20.455 points, or 0.5 percent, to 4540.97 as the earnings season winds up. Within the index, 28 stocks rose, 18 fell and four were unchanged. Turnover was a higher-than-average $185 million, including about $60 million of Auckland Airport shares and $24 million of GPG. “Looking over...

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