Xero, Diligent shares rally in anticipation of joining NZX 50

Wed, 06 Jun 2012

June 07 (BusinessDesk) - Shares in Xero and Diligent Board Member Services rallied today after the locally-listed tech-companies were flagged as the latest entrants to the benchmark NZX 50 index. Xero climbed 4.2 percent to $4.27 valuing the company at $453.5 million while Diligent rose 2.6 percent to $3.50 giving it a market capitalisation of $286.7 million after the NZX yesterday said the companies met the ranking and liquidity requirements to join the index of the top 50 companies on June 18. The tech companies will replace struggling G...

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