XRO Xero Ltd

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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