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Utilities, industrial sectors lift New Zealand shares


Utilities, industrial sectors lift NZ shares

New Zealand shares rose slightly on Friday, but the market is set to log its worst week in over a year.

The benchmark S&P/NZX 50 index rose as much as 0.3 per cent to 8,274.8, reports Reuters.

Utilities and industrial stocks accounted for most of the gains of the index, with Infratil Ltd marking its sharpest climb in over 10 weeks.

Healthcare stocks capped the gains on the index, with Fisher & Paykel Healthcare Corporation Ltd declining 1.4 per cent to a five-week trough in its fifth straight session of losses.

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