New Zealand share market rose on Thursday, 24 July 2014, after the central bank raised its benchmark interest rate and signaled it will now pause increases amid benign inflation. The market gain was paced by Xero after the cloud-based accounting software firm said it is mulling a New York listing where shares in Facebook and Apple have rebounded. Telecom Corp rose to the highest since it spun out Chorus, as the deadline for the network provider's regulated price cuts looms. By the provisional closing, the NZX 50 Index rose 28.182 points, or 0.5 percent, to 5174.712. Within the index, 34 stocks rose, 11 fell and five were unchanged. Turnover was NZ$111 million.
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