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6 years ago

New Zealand shares hit record high

File Photo (Reuters)
File Photo (Reuters)

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New Zealand shares hit a record high on Wednesday, helped by healthcare and utilities shares.

The benchmark S&P/NZX 50 index hit its third record high in four consecutive sessions and was 0.1 per cent higher at 8409.

Ryman Healthcare Ltd added 1.9 per cent and was the biggest boost to the benchmark while power supplier Contact Energy Ltd followed suit, rising 0.9 per cent, reports Reuters.

Dairy products maker Synlait Milk Ltd tracked up 4.63 per cent and was the index’s top gainer after it said it intends to invest about NZ$125 million ($87 million) in a liquid dairy packaging facility to supply retailer Foodstuffs South Island.

Investors seemed to shrug off the country’s quarterly current account deficit which came in wider than had been expected.

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