MARKET CLOSE: NZ shares up, Xero and NZX gain while Summerset Group falls

Fri, 08 Dec 2017

By Sophie Boot Dec. 8 (BusinessDesk) - New Zealand shares gained in continued light trading, led higher by Xero and NZX. The S&P/NZX50 Index rose 62.49 points, or 0.8 percent, to 8,235.09. Within the index, 29 stocks rose, 12 fell and nine were unchanged. Turnover was $138 million. "The volumes have really gone into Christmas mode," said David Price, broker at Forsyth Barr. "Turnover is very light for a lot of the leaders, and some of the movements have been very pronounced but not on very big volumes. Even in the bigger, liquid stocks...

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