MARKET CLOSE: NZ shares rise in thin trading, led by Xero; Infratil falls

Mon, 29 Dec 2014

By Paul McBeth Dec. 29 (BusinessDesk) - New Zealand shares rose to a record close in light holiday trading, led by companies that have been sold off in recent months, including Xero and Nuplex Industries. Infratil declined after it announced plans to buy Australian retirement village operator RetireAustralia with the New Zealand Superannuation Fund. The NZX 50 Index advanced 34.912 points, or 0.6 percent, to 5592.329. Within the index, 37 stocks gained, seven fell, and six were unchanged. Turnover was a lighter than usual $63.2 million....

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