MARKET CLOSE: NZ shares rise, led by Xero, A2 Milk; Coats drops on de-listing

Wed, 18 Nov 2015

By Sophie Boot Nov. 18 (BusinessDesk) - New Zealand shares rose, led by Xero and A2 Milk Co on optimism about their earnings outlook. Threadmaker Coats Group dropped after announcing plans to quit the NZX. The S&P/NZX 50 Index increased 12.2 points, or 0.2 percent, to 5979.80. Within the index, 24 stocks rose, 15 fell and 11 were unchanged. Turnover was $132 million. Xero led the market higher, rising 3.1 percent to $19.89. This month the cloud-based accounting software company, which is foregoing profits to expand sales, reported a 7...

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