New Zealand shares joined a global rally in equity markets with an upbeat US employment report giving investors confidence in the strength of the world's biggest economy, while an outcome in Australia's federal election boosted stocks there.
The S&P/NZX 50 Index rose 62.35, or 0.9 per cent, to 7062.45 - a record. Within the index, 37 stocks gained, seven fell and six were unchanged. Turnover was $105.8 million.
Investors also took heart from Japanese Prime Minister Shinzo Abe winning an election for the upper house of parliament and Australia's leader Malcolm Turnbull emerging on top after a week of uncertainty.
Australia's dual-listed banks led the local market gains, with Westpac Banking Corp up 4 per cent to $30.20 and Australia and New Zealand Banking Group gaining 3.3 per cent to $24.78.
Construction and building products firm Fletcher Building rose 2.2 per cent to $8.77 and telecommunications group Spark New Zealand gained 1.6 per cent to $3.82.