The equities markets in Australia saw new record highs on Wednesday, but New Zealand stocks were down on the day.

The S&P/ASX 200 index in Australia closed up by 0.18 percent to 4.425.6 to set a new high for the third straight day on the strength of strong quarterly earnings reports from Stockland Group, a property trust, and Coca-Cola Amatil.

Stockland gained 1.7 percent to A$6.03 as it reported a 13.5 percent gain in annual its operating profits. Coca-Cola Amatil Ltd. Was up 3.2 percent to A$8.13. It reported that first-half earnings were up by 16.8 percent on strong sales in Australia. However, Commonwealth Bank lost 2.7 percent on the day after reporting second-half earnings that were below expectations.

Woodside Petroleum was also down on the day on profit-taking after advancing nearly 10 percent in the previous two trading sessions. Meanwhile in New Zealand, the top-50 index there fell 0.5 percent to 3,324.3.

Among the blue-chips, Fletcher Building held flat at NZ$7.18 despite reporting an earnings jump of 31 percent in the second half. Telecom lost 1 percent to NZ$6.16 as investors anticipated the launch of rival company Vodafone’s 3G mobile network.