MARKET CLOSE: NZ shares rise; led by Xero, Pacific Edge; Metlifecare gains on earnings

Mon, 25 Aug 2014

By Suze Metherell Aug. 25 (BusinessDesk) - New Zealand share rose, led by Xero and Pacific Edge, as risk appetite returned to the market. Metlifecare gained after its full-year profit exceeded expectations, while Kathmandu Holdings fell on news its chief executive has resigned. The NZX 50 Index rose 15.748 points, or 0.3 percent, to 5182.743. Within the index, 25 stocks rose, 21 fell and four were unchanged. Turnover was $92.6 million. Wall Street rallied last week, with the Standard & Poor's 500 Index trading at a record high as data...

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