MARKET CLOSE: NZ shares rise led by Xero, Contact Energy, Westpac

Thu, 22 Jun 2017

By Sophie Boot June 22 (BusinessDesk) - New Zealand shares rose, led by Xero which was spurred on by a rally in tech stocks on Wall Street, while blue chip stocks including power company Contact Energy and dual-listed listed bank Westpac Banking Corp also gained. The S&P/NZX 50 Index gained 36.58 points, or 0.5 percent, to 7,563.69. Within the index, 31 stocks rose, 15 fell and four were unchanged. Turnover was $150 million. Wall Street's tech-heavy Nasdaq Composite rose 0.7 percent in New York yesterday, boosting demand for loca...

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