MARKET CLOSE NZX 50 sets new record; Xero, Ryman rise, Chorus drops

MARKET CLOSE NZX 50 sets new record; Xero, Ryman rise, Chorus drops
Nov. 6 (BusinessDesk) – New Zealand’s benchmark NZX 50 Index set a record high for a second day as Xero continued to soar and Ryman Healthcare paced a rally in retirement village operators. Chorus fell as ratings agencies said they may cut its credit ratings. The NZX 50 rose 5.866 points, or 0.1 percent, to 4944.568. Within the index, 17 stocks rose, 24 fell and nine were unchanged. Turnover was a higher-than-average $175 million, driven by trading in Xero, Ryman and Sky Network Television. Xero rose about 13 percent to $37.30, valuing the u...