28 Oct 2014

NZ market continues to climb

6:24 pm on 28 October 2014

New Zealand shares rose today, with the benchmark Top 50 Index hitting a fresh record for the third consecutive trading day, closing five points up on 5338.

An investment adviser at Forsyth Barr, Mark Ammundsen, said the sharemarket is still taking its lead from overseas markets.

Ryman Healthcare shares increased 11 cents to $7.60 and Sky Television shares rose 13 cents to $6.26.

Opus International Consultants shares fell 15 cents to $1.40, while Goodman Property Trust shares lost 1 cent to $1.09.

News that Goodman is selling three of its Christchurch properties for nearly $19 million comes after it failed to sell two Auckland properties last week.

Meanwhile, the New Zealand dollar was little changed today.

A director a Rankin Treasury Advisory, Derek Rankin, said the Kiwi is consolidating ahead of some key central bank meetings later this week.

At 5.20pm today, the New Zealand dollar was trading at 79 US cents, 89.54 Australian cents, 48.98 British pence, 0.6216 euro, 85.16 yen and 4.83 renminbi.