New Zealand shares up

New Zealand shares closed at three-month high on Thursday, as telecommunication firms led the way in a second day of gains for the broader index. Taking a positive cue from Wall Street, New Zealand's benchmark S&P/NZX 50 index rose 0.3 percent or 22.41 points to finish the session at 7,113.32.
The telecommunication services sector was the biggest gainer on the index with Spark New Zealand Ltd closing 1.4 percent higher. Airline operator, Air New Zealand Ltd, however, sank 3.6 percent to its lowest since December 28.
The Australian stock market was closed for Australia Day.