Quote Originally Posted by winner69 View Post

IT IS A NEW RECORD

And it will be another record when it get to 6000 by Xmas
Literally it is a record but I consider it is really a clayton's record.

Still, using a gross index instead of a net one has worked for the NZX as many commentators when comparing markets around the world fall into the trap of comparing the NZ gross index with the net indices used elsewhere. It makes NZ performance appear better than reality. The reason given for using a gross index, that NZ dividend rates are higher than elsewhere, is perhaps spurious given the mix of companies on the NZX and risk premium required for the NZ small commodities driven economy.

I wonder how the NZ market compares to pre-1987 crash...