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The NZX 50 advanced 29 points, or 0.2%, to 13,785 in Friday morning trade, up for the third straight session, tracking gains on Wall Street overnight as easing oil prices softened Treasury yields, while the Fed’s rate hike reaffirmed the central bank’s commitment to contain inflation. Thursday’s data continued to lift
New Zealand stocks climbed 94 points, or 0.7%, to 13,940 in Friday morning trade, supported by gains in financials, energy, materials, utilities and healthcare. The index is heading for a 1.2% weekly rise.