The ASX hit a new 6-month high yesterday, but unfortunately for laggard Australia, the Kiwi market hit a record high during trading yesterday.
The ASX 200 Index climbed 24.7 points, or 0.4%, to 6217.4 while the broader All Ordinaries rose 28.7 points or 0.5% to 6302.5.
That was after last week’s 29 point, 0.4% rise.
But across the Tasman New Zealand’s main stock benchmark rose to a record level on Monday aided by banks and dairy companies.
The NZX 50 rose 0.6% to close at 9,413.49, the highest close after hitting an all-time high of 9,420.14 during trading.
Westpac Banking (up 0.9%) and A2 Milk Company (up 2.9%) were among the major gainers.
The rise left the NZX 50 up 6.8% for the year so far, well short of the 10% rise in the ASX 200 in Australia
As solid as the Kiwi performance has been Japan’s Topix is up 8.6%, while Hong Kong’s Hang Seng has gained 11.8% and China’s CSI 300 has jumped more than 28%.
The ASX 200 remains under the all-time peak hit in late 2007.
