New Zealand Stocks Track Wall Street Higher
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The NZX 50 rose 93 points (0.7%) to 12,996 in morning trade, following a two-day Easter closure and extending previous gains. The index reached its highest level since March 19, buoyed by positive Wall Street sentiment and expectations that the RBNZ will maintain interest rates at 2.25%. Almost all sectors were up, with notable gains from AFT Pharmaceuticals (2.1%) and Fisher & Paykel Healthcare (1.6%). Investors are also awaiting US March inflation data amid rising energy prices.
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