NZ shares climb as NZX50 gains 4.3% in September quarter
The S&P/NZX 50 gained 64.66 points or 0.7 percent, to 9,351.06. Within the index, 28 stocks rose, 12 fell and 10 were unchanged. Turnover was $182 million.
The benchmark index rose 4.3 percent in the quarter, following a 7.5 percent gain in June. So far this year the NZX 50 is up 11 percent, outperforming its peers across Asia.
"It's not bad - nowhere near as good as the previous quarter which was a very good performance for a three-month period," said Grant Williamson, a director at Hamilton Hindin Greene. "We're just mucking around at historic highs - it will be interesting to see whether we make new highs in the new quarter."
Blue-chip stocks led the market higher today in the final session of the September quarter, which typically sees institutional investors adjusting their portfolios.
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