MARKET CLOSE: NZX 50 charts record high as Xero, Trade Me gain; Nuplex rises on guidance

Wed, 04 Nov 2015

By Sophie Boot Nov. 4 (BusinessDesk) - New Zealand shares rose to a fresh record as investors sought better returns from equities in the face of low global interest rates. Xero and Trade Me led the rally, and Nuplex Industries gained after forecasting an increase in 2016 earnings. The S&P/NZX 50 Index gained 49.24 points, or 0.8 percent, to 6071.21. Within the index, 34 stocks rose, 11 fell and five were unchanged. Turnover was $140.7 million. Shares rallied across Asia today, with Japan's Nikkei 225 Index up 2.2 percent in afternoon...

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