Ryman Healthcare, the retirement village operator, rose 1.9 per cent to $2.73, with the stock continuing to draw buying interest after it yesterday posted a 28 per cent increase in net profit to $100.2 million for the 12 months ending March 31.
NZX, the securities market operator, rose 1.7 per cent to $2.46. The stock has been attracting more interest from investors as activity on its equity platform continues to grow.
According to the NZX's latest operation statistics, the total number of trades on the NZX stock market in April rose 28.2 per cent compared to the previous month, and value of trading climbed 23.4 per cent to $2.1 billion.
AMP, the Australian wealth manager which recently acquired Axa Asia Pacific Holdings' New Zealand and Australian assets, rose 1.4 per cent to $7.15.
Xero, the online accounting software manufacturer, rose 0.8 per cent to $2.50, after it posted a narrower loss in the year ended March, as it trans-Tasman units underpinned a surge in sales.
The Wellington-based company reported a loss of $7.5 million, or 8 cents per share, in the 12 months ended March 31, compared to a loss of $8.5 million, or 10 cents, a year earlier.
Telecom, the country's biggest phone company, rose 0.4 per cent to $2.34.
Methven, the tapmaker, fell 2.2 per cent to $1.35, leading decliners on the exchange.
The stock, which is trading near a two-year low, has come under pressure after it announced at the beginning of the month that its biggest British customer had gone into administration.
As a result the company said full year net profit is likely as much as $1.7 million.
PGG Wrightson, the rural services company recently taken over by Singapore's Agria, fell 1.9 per cent to 52 cents.
Kiwi Income Property, the country's biggest property investment vehicle, fell 0.5 per cent to $1.04.
The trust yesterday reported a net loss of $26.4 million for the year ending March 31, widening from $8.5 million a year earlier, reflecting an $82.4 million reduction in the value of its property portfolio.
The New Zealand dollar recently traded at US79.08 cents, down from US79.15 cents yesterday as the ongoing slide in commodity prices sapped some the kiwi's post-budget momentum. For the latest updates PRESS CTR + D or visit Stock Market news Today
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