NZ shares up as Fed meeting looms

New Zealand's main share index edged higher as tomorrow’s Federal Reserve meeting and local inflation data release loomed over the market.The S&P/NZX 50 Index rose 57 points, or 0.5%, to 12,185.65. Turnover was $120 million.Some of the stocks worst affected by the recent sell-off began to recover. Vista Group recouped 3.5% to $2.10, and Sky Network Television rose 2.6% to $2.40.Pacific Edge rose 2.7% to $1.16 and Kathmandu Holdings climbed 2.3% to $1.36 – all are considered higher risk stocks and have fallen this year.Much o...
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