NZX 50 makes seven day gain run

The S&P/NZX 50 Index rose 8.9 points, or 0.1%, to 13,300.03. Turnover was $118.8 million.

Cancer diagnostics firm Pacific Edge led the market higher, advancing another 5.7% to close at $1.49 – just below analysts’ median target price of $1.50.

Hot on its heels was a resurgent Sky Network Television, extending a 23% gain by another 4.9% to reach 21.5 cents per share.  

Brad Gordon, a director at Hobson Wealth Partners, said growth stocks appeared to be leading the market and may be supported by marginally lower bond yields today.