New Zealand shares rose on Friday pushing the NZX 50 Index to a five-year high.
The NZX 50 rose 15.45 points (or 0.4%) to 4080.90, the highest close since December 2007, bringing its gain this year to 24%.
Within the index, 22 stocks rose, 12 fell and 16 were unchanged. Turnover was a lower-than-average $57 million, reflecting reduced trading during the Christmas-New Year holiday period.
Wrightson, the nation's biggest rural services company, gained 4.8% to 44 cents, the highest close since September 2011.
Ryman rose 0.7% to a record $4.51 and Diligent Board Member Services rose 0.6% to $5.47, for a 183% gain this year.
Telecom rose 2.9% to $2.31 and has gained 9.2% this year. Australian wealth manager AMP rose 2.8% to $6.17.
Hellaby Holdings rose 5.6% to $3.38, adding to its Thursday gains, when the company said it would buy a controlling stake in specialised engineering maintenance and industrial cleaning company Contract Resources.
Pacific Edge, which is marketing a test for bladder cancer, rose 6% to 53 cents.
Fletcher Building fell 0.6% to $8.40.
Contact Energy declined 0.2% to $5.27.
Clothing chain Hallenstein Glasson Holdings fell 1.1% to $5.34 and Restaurant Brands, the fastfood operator, fell 1.5% to $2.64.
Mainfreight rose 1.1% to $11.80, OceanaGold climbed 1.5% to $3.45 and Sky Network Television rose 1.2% to $4.90.
Steel & Tube Holdings dropped 1.6% to $2.40 and was the biggest decliner.
