New Zealand shares close higher

Published: October 13, 2017 13:48:46 | Updated: October 25, 2017 04:25:38


File Photo (Reuters)

New Zealand shares closed up for the ninth straight day to set another record high on Friday amid signs of clearing political uncertainty.

The benchmark S&P/NZX 50 index rose 0.3 per cent or 21.2 points to 8,089.3, reports Reuters.

Shares ended the week 1.4 per cent higher, continuing a winning run for a fourth week due to strong performance in information technology and healthcare stocks.

Materials stocks hindered the gains on the day.

Software firm Xero boosted the index the most, ending up 3.1 per cent at its highest in three and a half years.

Conversely, construction material maker Fletcher Building weighed the index down the most, closing 1.9 per cent lower.

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