The sharemarket has risen on the news of stronger United States markets, with the NZX Top 50 Index gaining 14 points to 5091.
Mint Asset Management portfolio manager Anthony Halls said stronger US markets were the major factor.
"The market followed its lead from foreign markets overnight. Markets overseas, particularly in the US, bounced reasonable well.
"The market has generally got a positive tone to it. Stocks across the board are up a little bit."
In the technology sector, Xero shares fell 40 cents to $28.05 while Diligent shares gained 40 cents to $4.45.
Dollar falls
The New Zealand dollar fell on Wednesday, losing more than half a US cent and half an Australian cent.
ANZ senior foreign exchange strategist Sam Tuck said that was after dairy prices fell to a 14-month low and after inflation came in at 0.3 percent for the March quarter and 1.5 percent for the year ended March, below expectations.
The weaker Global Dairy Trade auction, where milk prices dropped 2.6 percent, and a lower-than-expected Consumer Price Index (CPI) had both had an effect on the Kiwi.
"Both of these will have a minor negative effect on the New Zealand dollar but we'd caution against having too much impact from these as dairy prices are showing signs of stabilisation, with forward contracts still showing decent prices," Mr Tuck said.
"The CPI has mainly been kept under control by the higher New Zealand dollar through the non-tradeable channel. So selling the New Zealand dollar because inflation is under control would lead to higher inflation."
Just after 5pm, the New Zealand dollar was buying: 85.92 US cents, 91.64 Australian cents, 51.36 pence, 0.6218 euro, 87.8 yen and 5.34 renminbi.
