Kathmandu shares rose 7c to a new high in early trading on
the New Zealand sharemarket, on top of a 19c gain yesterday
after it reported its first interim result since being
floated last November.
New Zealand's economy has been dynamic in the last decade and
comparisons with Australia are misleading, according to
Mastercard Worldwide economic adviser Yuwa Hedrick-Wing.
Oil prices touched $US83 ($NZ117) yesterday, coming within
$US2 of this year's high on a recovery in demand in the
United States and Opec's decision to leave output targets
unchanged.
