MARKET CLOSE NZ shares rise as Fonterra, Ryman, Xero, Diligent, A2 hit records

Mon, 29 Apr 2013

April 29 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new high, as the continued shift away from fixed income investments underpinned demand and drove Fonterra Shareholders’ Fund, Ryman Healthcare, Diligent Board Member Services and A2 Corp to record highs. The NZX 50 climbed 32.25 points, or 0.7 percent, to 4580.96. Within the index, 27 stocks rose, 13 fell and 10 were unchanged. Turnover was $105 million. The index is up about 12 percent so far this year and at that run rate may match last year’s 25 percent gain....

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