Mainfreight result lifts sharemarket as investors eye Infratil update

Mainfreight result lifts sharemarket as investors eye Infratil update
Mainfreight's share price rose despite an 18.5% fall in its net profit. (Image: NZME)
Tom Raynel
The New Zealand sharemarket closed up on Wednesday after a better-than-expected result from Mainfreight, as well as buoyed expectations ahead of Infratil’s result tomorrow.The S&P/NZX 50 Index closed up 0.49% or 67.182 points to 13,671.73 after 30.5 million shares worth $131.2 million were traded.The S&P/NZX 20 index was up 0.55%, closing at 7,830.15 points, while the S&P/NZX 10 index ended the day at 13,101.35 after rising 0.76%.There were 66 gainers on the main board and 60 decliners.Mainfreight share price ralliesMainfreigh...

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