MARKET CLOSE NZ shares rise on tech relief-rally led by Pacific Edge

Tue, 15 Apr 2014

By Suze Metherell April 15 (BusinessDesk) – NZ Stocks rose led by Pacific Edge as investors re-evaluate prices of tech stocks after the recent a sell-off in the sector worldwide. Xero extended its decline. The NZX 50 Index rose 12.746 points, or about 0.3 percent, to 5076.285. Within the index, 26 stocks rose, 14 fell and 10 were unchanged. Turnover was $110.8 million. The tech-heavy Nasdaq Composite Index rallied overnight after heavy selling last week saw it decline to its lowest level since February, leading some to call the selling a...

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