MARKET CLOSE: NZ shares rise, led by Xero; Fonterra gains

Mon, 28 Sep 2015

By Suze Metherell Sept. 28 (BusinessDesk) - New Zealand shares rose, led by Xero, after it lifted fees for in its second largest market. Fonterra Shareholders' Fund extended recent gains as farmers bought in to access an interest free loan. The S&P/NZX 50 Index advanced 11.78 points, or 0.2 percent, to 5699.13. Within the index, 27 stocks rose, 15 fell and eight were unchanged. Turnover was $106 million. Xero led the benchmark index higher, up 3.8 percent to $15.10. The cloud-based software firm has increased fees in its second bigges...

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