Stock & Shares

NZ shares touch new record as Air NZ at 16-year high

NZ shares

New Zealand shares touched a new record as Air New Zealand rose to a 16-year high, but finished the day flat as weaker blue chip stocks including Ryman Healthcare, Spark New Zealand and Auckland International Airport weighed on the bourse.

The S&P/NZX 50 index dipped 5.5 points, or 0.07 per cent, to 7586.53, having touched a new intraday record 7613.19. Within the index, 20 stocks rose, 21 fell and nine were unchanged. Turnover was $128 million (£100 million).

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The author Paul