MARKET CLOSE NZ shares rise; Diligent, Xero soar as risk appetite grows

Fri, 26 Apr 2013

April 26 (BusinessDesk) – New Zealand shares rose, nudging the NZX 50 Index to a new record, as investors continued to bid up the future earnings potential of Diligent Board Member Services and Xero. Sky Network Television continued its run unfettered by News Corp. The NZX 50 rose 9.72 points, or 0.2 percent, to 4548.71, continuing the ascent of the gross index created in 2003. Within the index, 24 stocks rose, 18 fell and eight were unchanged. Turnover was $116 million. Xero rose 6.2 percent to $13.80, the second-highest price on the NZX 50...

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