NZX50 lifts ahead of long weekend on low volumes

NZX50 lifts ahead of long weekend on low volumes
The spectre of high food price inflation did not deter investors today. (Image: Getty)
Graham Skellern
The New Zealand sharemarket moved into the Matariki holiday with a near one percent gain on confidence that inflation is being tamed and bond yields have peaked.Mainfreight went higher after overcoming challenging trading conditions to record another positive annual result.The S&P/NZX 50 Index climbed steadily from lunchtime and closed at 12,013.43, up 105.16 points or 0.88% on light trading.There were 89 gainers and 41 decliners on the main board, with 23.23 million shares worth $82.45m changing hands.Paul Robertshawe, chief investment off...

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