NZX50 lifts ahead of long weekend on low volumes

The spectre of high food price inflation did not deter investors today. (Image: Getty)

Thu, 13 Jul 2023

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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