NZ shares edge up ahead of inflation data


FE Team | Published: January 24, 2018 13:27:14


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New Zealand shares edged up on Wednesday ahead of inflation data due on Thursday.

The benchmark S&P/NZX 50 index rose 0.2 per cent or 16.46 points to finish the session at 8,324.09.

Inflation is seen having held steady in the fourth quarter, surpassing central bank expectations, but still unlikely to undermine the bank’s determination to keep rates on hold at record lows, reports Reuters.

A2 Milk Company was among the top performers on the index, up 2.6 per cent to finish at a record.

Payment solutions provider Pushpay Holdings led the gains with a 5.5 per cent jump - its best day in nearly six weeks.

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