The sharemarket was in holiday mode on Tuesday with trading volumes low and the NZX 50 index eking out a one point gain to close at 5104.
Investment advisor at Forsyth Barr, Damian Kearns, says it's expected to be a quiet week as many investors have taken the week off.
But he says the buyers that were around on Tuesday were snapping up energy stocks following on from last weeks Genesis float.
He says investors are looking to the sector for yield.
He says Genesis shares are selling steadily, most likely driven by institutional buying.
Genesis shares have risen 2 cents to $1.83, Mighty River Power is up 3 cents to $2.24 and Meridian has gained 1.5 cents to $1.19.
In the currency markets, the New Zealand dollar was little changed against the US dollar, as investors await the Reserve Bank's interest rate decision on Thursday.
At close the Kiwi was buying $US85.89, $A91.67, 51.12 pence, 88.05 yen, 0.6227 euro and 5.35 renminbi.
