Muted Trading Marks New Zealand Market Return
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New Zealand stocks showed little change as trading resumed post-holiday, with the benchmark near 13,534. Gains in industrial services and non-energy minerals were offset by declines in transport and process industries. Serko Ltd., Vista Group Intl., and Genesis Energy saw advances, while Winton Land, Colonial Motor Co., and Contact Energy slipped. The market is expected to end the year 3% higher, supported by domestic economic recovery and stable borrowing costs.
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