MARKET CLOSE NZ’s benchmark NZX 50 charts new record; Diligent soars

Fri, 08 Mar 2013

March 8 (BusinessDesk) – New Zealand shares rose, extending the NZX 50 Index’s gain to a new record, as investors piled into Diligent Board Members Services and rewarded Warehouse Group earnings growth and bigger dividend. The NZX 50 rose 20.54 points, or 0.5 percent, to 4354.02, the highest since the index it was created in 2003. Within the index, 25 shares rose, 15 fell and 10 were unchanged. Turnover was $154 million. “From all indications the market is a bit more expensive than normally but when you compare it to the bond market it does...

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