MARKET CLOSE: NZ shares rise; investors await August earnings season

Thu, 10 Jul 2014

By Paul McBeth July 10 (BusinessDesk) - New Zealand shares rose, following stocks across Asia higher, as investors await next month's earnings season for clearer steer on where the market will head next. Xero led gainers. The NZX 50 Index increased 5.27 points, or 0.1 percent, to 5128.013. Within the index, 23 stocks rose, 20 fell, and seven were unchanged. Turnover was $112.4 million. The local market followed stocks across Asia higher as New Zealand investors take a cautious tone ahead of next month's earnings season, which will help...

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