The New Zealand sharemarket resumed its upward trend with the benchmark Top 50 Index gaining 48 points to close at 4913 on Wednesday.
An analyst at Harbour Asset Management, Craig Stent, says the New Zealand market again took its lead from offshore markets.
Wynyard shares gained 16 cents to $2.25, Pacific Edge shares rose 6c to $1.74 and Xero climbed $2.36 to $42.35 after hitting a fresh record at $42.98 earlier in the day.
On the downside, Z Energy shares fell 9c to $3.76. Mr Stent says that was after the company published its December quarter report showing its share of total industry fuel volumes falling.
Auckland International Airport shares rose half a cent to $3.55, while Fletcher Building gained 10c to $9.03.
SkyCity gained 2c to $3.87. Earlier in the day, BlackRock Investment Management said it now holds just over 5% of the casino operator.
Dollar mixed
The New Zealand dollar was mixed, falling slightly against the US dollar, the British pound and the Euro, but rising three-quarters of a cent against the Australian currency.
Sam Tuck, senior foreign exchange strategist at ANZ, says indications that the US economy is strengthening hurt the Australian dollar.
At 5.20pm on Wednesday, the Kiwi was trading at 93.43 Australian cents and was slightly higher at 87.04 yen. It fell to 83.39 US cents from 83.71 cents this time on Tuesday and to 50.77 British pence and 0.6116 Euro.
