The NZX 50 Index hit a record high of 5636.606, with the logistics trade leading the charge.
Freightways and Mainfreight rose rapidly, as falling oil prices lowered costs for the two operators.
Oil prices fell to a five-and-a-half year low, stoking demand for companies likely to benefit. Freightways climbed 3.9% to a record close of $6.08, while Mainfreight gained 0.9% to $15.79.
“Investors are buying on the back of the lower oil prices, which will certainly suit the logistics sector,” Grant Williamson, director at Hamilton Hindin Greene told BusinessDesk.
