New Zealand Stocks Muted But Heads for Weekly Gains
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The NZX 50 index remained stable around 13,375 in early trading, with traders anticipating upcoming local data on consumer and business sentiment. Despite mixed performances in various sectors, the market is poised for its first weekly gain in three weeks, up approximately 0.9%. Key stocks like Sky Network TV and Serko Ltd. saw increases, while T&G Global and Channel Infrastructure experienced declines. Investors are also keeping an eye on global trade developments, including a meeting between President Trump and Chinese leader Xi Jinping.
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