MARKET CLOSE: NZ shares rise, Kathmandu + Briscoes gain on sales while Xero at new high.

Thu, 03 Aug 2017

By Sophie Boot Aug. 3 (BusinessDesk) - New Zealand shares hit a fresh record, with retailers Kathmandu Holdings and Briscoe Group gaining on positive earnings, while Xero hit a new high. The S&P/NZX50 Index rose 5.44 points, or 0.07 percent, to 7,753.75. Within the index, 30 stocks rose, 12 fell and eight were unchanged. Turnover was $225.4 million. "We're up nearly 13 percent for the year, a very good performance and we've set up some quite high expectations going into reporting season," said Mark Lister, head of private wealth resear...

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