MARKET CLOSE: NZX 50 rises to record, led by Xero, Nuplex as volatility abates

Wed, 22 Oct 2014

By Suze Metherell Oct. 22 (BusinessDesk) - New Zealand shares rose to a record close, led by Xero, as investors returned to more risk-based equities after last week's volatility. Nuplex gained after selling two of its Australasian assets, while Fletcher Building touched a 2014 low as analysts mulled yesterday's earnings guidance. The NZX 50 Index rose 46.576 points, or 0.9 percent, to 5279.699. Within the index, 35 stocks rose, 11 fell and four were unchanged. Turnover was $137 million. Stocks rose across Asia as falling market volatil...

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