New Zealand shares rose today, with the benchmark Top 50 Index hitting another record. It ended the trading week 41 points higher at 5334.
A director at Murray and Co, Johnny Cochrane, said low interest rates means investors will be tempted to put more of their money into shares.
Mr Cochrane said Sky Television had a strong day after announcing it had secured a conditional agreement for the right to screen New Zealand Rugby and other SANZAR union matches for five years from 2016. Some of volatile stocks were in demand.
Sky TV shares gained 20 cents to $6.13, Diligent shares increased 9 cents to $4.56, Summerset shares rose 1 cent to $2.74 and A2 Milk ended 1 cent higher at 59 cents.
Meridian instalment receipts lost 2.5 cents to $1.65 and Restaurant Brand shares fell 3 cents to $3.64.
Meanwhile, the New Zealand dollar was little changed today.
Bank of New Zealand currency strategist Raiko Shareef said the larger than expected trade deficit had a slight impact on the dollar.
A short time ago, the New Zealand dollar was trading at 78.36 US cents, 89.45 Australian cents, 48.45 British pence, 0.619 euro, 84.59 yen and 4.8 renminbi.
