MARKET CLOSE NZ shares rise; Xero at new record, Ryman gains

Tue, 18 Jun 2013

June 18 (BusinessDesk) – New Zealand shares rose, with Xero resuming its ascent to a new record, leading gains among this year’s soarers including retirement village operators Ryman Healthcare, Metlifecare and Summerset Group. The NZX 50 Index rose 14.465 points, or 0.3 percent, to 4462.102. Within the index, 23 stocks rose, 19 fell and eight were unchanged. Turnover was $123 million. Xero rose 3.3 percent to $15.80, valuing the cloud-based accounting company at $1.81 billion. Some investors have been buying the shares in expectation the com...

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