Xero topples Port of Tauranga as highest price local stock on NZX

Tue, 04 Jun 2013

By Paul McBeth June 4 (BusinessDesk) - Cloud-based accounting firm Xero has toppled Port of Tauranga as the highest priced local stock on the NZX as it charts another notch in its belt, having more than tripled in the past 12 months. The Wellington-based company’s shares rose 0.7 percent today to $14.10, passing the port company, whose stock fell 2.7 percent to $13.90 in afternoon trading. That makes Xero the highest priced local stock on the NZX and behind only dual-listed Westpac Banking Corp at $34.80 and Australia & New Zealand Banking...

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