MARKET CLOSE NZ shares rise led by Xero after it doubles 1H sales

Tue, 02 Oct 2012

By Hannah Lynch Oct 2 (BusinessDesk) - New Zealand shares rose, led by Xero after it more than doubled first half sales and said it expects to list across the Tasman next year. The gainers were paced by Nuplex Industries, Air New Zealand, Fletcher Building and Telecom. The NZX 50 Index rose 41.21 points, or 1.1 percent, to 3871.25, on turnover of $97 million. Xero, the cloud-based accounting platform provider, rose 3.8 percent to $5.40. The Wellington-based company has more than doubled first-half sales to $16.7 million and is proceeding wi...

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