MARKET CLOSE: NZX50 edges to fresh record; Xero, Air NZ gain as Kathmandu declines

Thu, 05 Nov 2015

By Sophie Boot Nov. 5 (BusinessDesk) - New Zealand shares edged to a fresh record, led by Xero as it extended gains after reporting its first-half result. Air New Zealand advanced after it said it would buy more planes, while Kathmandu Holdings declined. The S&P/NZX 50 Index rose 2.42 points or 0.04 percent to 6073.63. Within the index stocks were mixed, with 21 up, 17 down and 12 unchanged. Turnover was $102 million. Xero led the benchmark index higher, up 2.8 percent, to a four-month high $18.24, and is the best performer over the pa...

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