MARKET CLOSE: NZ shares rise, pushing NZX 50 to month high

Tue, 19 Jun 2012

June 19 (BusinessDesk) - New Zealand shares rose pushing the NZX 50 index to its highest level this month, as cloud-based accounting firm Xero benefited from its inclusion in the benchmark index while Air NZ rose after announcing a new chief executive. The NZX 50 rose 24.70 points, or 0.7 percent, to 3480.38. Within the index, 32 stocks rose, nine fell and nine were unchanged. Turnover was about 124 million. Air New Zealand, the airline slated for a government selldown, rose 0.6 percent to 87 cents after naming Christopher Luxon as chief ex...

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