MARKET CLOSE: NZ shares rise to record, led by Xero, A2

Thu, 26 Feb 2015

By Suze Metherell Feb. 26 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a record, as investors cheered Xero's US capital raising. A2 Milk Co paced the gain on its plans to list in Australia. The NZX 50 Index rose 19.39 points, or 0.3 percent, to 5861.682. Within the index, 19 stocks rose, 24 fell and seven were unchanged. Turnover was $198 million. Xero advanced 8.7 percent to $25 the highest its been since August, extending yesterday's gains after the cloud-based accounting software firm announced Silicon Val...

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