New Zealand shares edged up on smaller than normal volumes as investors took a "breather", with A2 Milk Co, Air New Zealand and Steel & Tube Holdings gaining.
The S&P/NZX 50 Index rose 16.01 points, or 0.2 per cent, to 7080.32, a record high. Within the index, 27 stocks gained, 18 fell and six were static. Turnover was $120.3 million.
Anthony Halls, portfolio manager at Mint Asset Management, said local investors had taken "a bit of a breather with no offshore news to push the market around" and school holidays thinning out some trading desks.
A2 Milk was the biggest gainer, up 5.3 per cent to $1.98, a four-month high.