MARKET COMMENT: NZX-50 Closes At All Time High Of 4353.027
08 März 2013 - 6:00AM
Dow Jones News
0430 GMT [Dow Jones]The NZX-50 closes at all time high of 0.5%
at 4354.027 as Xero (XRO.NZ) reaches all time high of NZ$9.10, up
5.9%. Craigs Investment Partners broker Bryon Burke says there
seems to be institutional investment interest in the XRO over the
last couple of days, who "have had to chase the stock to secure
larger lines of stock." He adds Diligent (DIL.NZ), who operates in
a similar space rose 10.6% at NZ$6.25. Warehouse (WHS.NZ)closes up
8.3% at NZ$3.79 after the company says its 1H13 net profit was
NZ$106.3 million up from NZ$52.3 million in 1h12.
(lucy.craymer@wsj.com)
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