Record trading in Xero ahead of inclusion to ASX All Ords

Fri, 21 Mar 2014

March 21 (BusinessDesk) - Xero, the cloud-based accounting software developer, reported record share trading today as about 2 percent of the company changed hands with turnover of about $117.7 million, ahead of its addition to the ASX All Ordinaries Index. More than 2.7 million Xero shares were traded on the NZX today, topping the 2.57 million shares changing hands on May 31 last year, when then-chairman Sam Knowles and chief operating officer Alastair Grigg lodged notices to the stock exchange saying they had sold down their holdings in the...

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