Xero dropped 1.8 per cent to $19.58 and Chorus fell 1.8 per cent to $4.46. Within the index, 30 stocks rose, 18 fell and three were unchanged. The S&P/NZX 50 Index rose 4.43 points, or 0.1 per cent, to 7306.34. The stock has gained 23 per cent this year but dropped to a three-month low of $10.35 on Tuesday. Comvita and A2 Milk rose while Steel & Tube Holdings dropped.

Source: New Zealand Herald July 28, 2016 10:27 UTC