MARKET CLOSE NZ shares snap 3-day slide; Xero, Chorus gain

Thu, 06 Dec 2012

Dec. 6 (BusinessDesk) – New Zealand shares rose, snapping a three-day slide as equity markets across the Asia-Pacific region generally gained. Xero resumed its climb after two US funds gave the company equity capital and Chorus clawed back from its regulator-induced plunge. The NZX 50 Index rose 16.11 points, or 0.4 percent, to 4023.36. Within the index, 23 stocks rose, 14 fell and 13 were unchanged. Turnover was $131 million. Xero, the cloud-based accounting service, rose 5.6 percent to $7.60, edging back to the record high $7.75 reached on...

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