NZ sharemarket edges higher as media company NZME lifts earnings guidance

NZ sharemarket edges higher as media company NZME lifts earnings guidance
NZME has upgraded its financial forecasts and says revenue is better than expected. (Image: NZME)
Tom Raynel
The New Zealand sharemarket rose slightly on Wednesday after a strong lead-in from the United States markets.The S&P/NZX 50 Index closed up 0.05% or 6.553 points to 13,409.21 after 30.7 million shares worth $123 million were traded.The S&P/NZX 20 index was up 0.07%, closing at 7676.73 points, while the S&P/NZX 10 index ended the day at 12,764.34 after rising 0.19%.There were 72 gainers on the main board and 59 decliners.'Treading water'Hamilton Hindin Greene investment adviser Jeremy Sullivan said the market was treading wat...

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