Comment / Snapshot: Mainfreight over NZ$90 – seemingly unstoppable

It is always good to start the week with a record somewhere, out of nowhere, and Mainfreight’s today was no different.

And rather special.

As usual, you read it here in the FT’s key stats section:

“Mainfreight Ltd (MFT:NZC) set a new 52-week high during today’s trading session when it reached NZ$92.91?…. which is also an all-time high. Up almost 5% for the day, closing at NZ$90.01. Lovely.

I may have missed a meaningful upgrade from a broker or maybe some big funds woke up and smelled ...