Good news for businessmen, entrepreneurs and investors intending to regard New Zealand as their next business destination. New Zealand shares hiked to an all time high seen in the last 28 months, a facet which can not only serve brilliant news for Kiwi economy but also point out in the direction of creating more job options for the upcoming immigrants. The figures were witnessed after a sturdy rally on global equity markets following Portugal’s triumphant bond auction.

Talking about the statistics, the NZX 50 Index hiked 39.12 points, a growth of 1.2% seen in the same. A turnover of $87.7 million has been witnessed.

Talking about Michael Hill, the jewelery manufacturer and retailer, the shares of the same saw a hike of 3.4% to 91 cents, courtesy good sales witnessed in the last ninety days of year 2010, with some of the best sales shown in Canadian and Australian stores.

These surely are a positive signs for business investors planning to come to New Zealand and start their business. Nothing can be more encouraging than a flourishing economy. The upbeat mood also witnessed a hike in the overall share market with Telecom, the nation’s major telephone corporation, expanding 3.6% to $2.29, with Goodman Fielder, seeing a hike of 3.6% to $1.75. The latter is a renowned food ingredient manufacturer.

Talking about other shares, some shares witnessed a fall too, but that didn’t affect the blooming NZ shares, hence affecting the overall economy of the country in a major way.

Prospective applicants intending to work on New Zealand are advised to visit http://www.abhinav.com/nz_live_workvisas.htm or write a mail at ajay@abhinav.com to know about their qualifying criteria.