New Zealand shares hit record high

Published: October 30, 2017 10:54:57 | Updated: October 31, 2017 11:10:41

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New Zealand shares were higher on Monday, as consumer staples and utilities posted their biggest gains since Sept. 28, just after the general election was held.

The benchmark S&P/NZX 50 index rose 0.5 per cent, or 38.01 points, to 8,123, reports Reuters.

Dairy major A2 Milk drove the index’s gains, rising as much as 2.7 per cent to a record high.

Up to Friday’s close, the stock has more than tripled its price in the year to date.

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