MARKET CLOSE NZX 50 extends gain, Xero hits new high on index addition

Thu, 06 Mar 2014

By Suze Metherell March 6 (BusinessDesk) – The NZX 50 Index extended gains to a new record, led by Xero which reached a fresh high after being included on an Asia-Pacific index, and Air New Zealand which continued to rise on post-earnings optimism. The benchmark index rose 41.701, or about 0.8 percent, to 5114.791. Within the index, 27 stocks rose, 13 fell and 10 were unchanged. Turnover was $170.6 million. “The whole New Zealand market is going nuts at the moment,” said Greg Easton investment advisor at Craigs Investment Partners. Invest...

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