25 Mar 2014

NZ sharemarket still resilient

7:16 pm on 25 March 2014

New Zealand's sharemarket continues to be surprisingly resilient in the face of weaker offshore markets, Craigs Investment Partners head of wealth research Mark Lister says.

The trend continued on Tuesday, the NZX Top 50 Index gaining 12 points to 5131.

"We're up today, which is better than we can say for Australia or Japan or any of those other markets around the world," Mr Lister said.

"That's really been a trend we've seen all year."

Countries such as the United States, Britain and Europe had experienced flat to negative performances as people worried about such things as the Ukraine situation.

However, the New Zealand market had "powered ahead" to put on 7-8 percent this year.

"So we have been very strong and certainly one of the outperformers," Mr Lister said.