NZ sharemarket up 0.2%, Infratil hits all-time high

The S&P/NZX 50 Index again traded strongly in the afternoon and closed at 12,814.07, up 26.47 points or 0.21%, after reaching an intraday low of 12,708.34 and high of 12,873.86.

Volumes continued to increase, with 55.25 million share transactions worth $222.48m. Infratil rose 32c or 2.52% to a record $13.02 on trade worth $27.79m as passive investment funds bought shares in anticipation of the MSCI index changes next month. 

Infratil has become the third biggest local stock on capitalisation with $12.58 billion, behind Fisher and Paykel Healthcare and Meridian Energy but ahead of Auckland International Airport with $12.19b.

'Index changes'