That's the first half of the year done, so we're into the back stretch now. The NZX50, our key share market index, posted an exceptional 10.6 per cent gain in the first six months of the year. That's the strongest first half the index has ever seen, since it came into being in 2003.
Having said that, our market did take a hammering late last year, more so than others around the world. We fell some 12 per cent between September and November, and the December quarter was the worst since 2011.
If we ignore the dividend payments, share prices are still 2.5 per cent lower than the all-time high our market reached nine months ago. That puts it in perspective, but it's still an impressive achievement, particularly if you invested in some of the high flyers.
The top performers in the first half were a2 Milk (up 88 per cent), Air New Zealand (up 46 per cent), Xero (up 44 per cent) and Fisher & Paykel Healthcare (up 36 per cent). Those are some stunning gains, and it's great to see some of our most exciting growth stories at the top of the tree.
The NZ dollar fell against the Australian dollar and the euro over the six months, went sideways against the British pound but rose strongly against the US dollar.