MARKET CLOSE NZ shares rise on demand for ‘growth’ stories; Synlait soars

Tue, 23 Jul 2013

July 23 (BusinessDesk) – New Zealand shares rose as investors renewed their appetite for growth stories such as Xero and Diligent Board Member Services, while Synlait Milk soared 25 percent in its NZX debut. The NZX 50 Index gained 26.550 points, or 0.6 percent, to 4580.591. Within the index, 25 stocks rose, nine fell and 16 were unchanged. Turnover was $78 million. OceanaGold, the operator of the Macraes gold field, rose 4.7 percent to $1.99, mirroring gains in Australian gold miners after spot gold rose for a fourth day to US$1,336.84 an o...

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