Kathmandu on to NZX Top 50 index

Kathmandu Holdings Ltd, the outdoor goods retailer, is replacing Methven Ltd in the NZX 50 Index.

Kathmandu listed on the New Zealand and Australian stock exchanges on November 13 at a premium to its offer price.

Shares in the outdoor retailer opened at $2.22 compared to the $2.13 paid by New Zealand shareholders. It was trading at $2.15 this afternoon.

The stock trades under code KMD.

- NZPA