The New Zealand share market surged upwards on Wednesday, with the NZX 50 index rising 57 points, or 1.7%, to 3352 on turnover of $114 million.
Telecom finished the day up 1 cent to $3.68, while Contact Energy was up 17c to $8.53 and Fletcher Building was up 26c to $6.61.
Sky City Entertainment was up 9c to $3.58, and The Warehouse was up 5c to $3.45.
Richina Pacific was unchanged at 41c after half-year profit fell 43% to $2.7 million.
Millenium and Copthorne was unchanged at 54c after its half-year profit rose 3% to more than $13 million.
The dollar was buying 72.56 US cents, 79.14 Australian cents, 37.06 pence, 78.58 yen and 0.4681 euro. The Trade Weighted Index was 65.66.
The Australian share market made strong gains on Wednesday, closing up more than 3% after a strong United States lead and hopes of cuts to interest rates.
The gains contrasted with Tuesday's heavy losses when the local bourse slumped to a two-and-a-half-year low after resource stocks were dumped on falling commodity prices.
The S&P/ASX200 index closed up 148.7 points, or 3.08%, to 4969.1, while the All Ordinaries climbed 136.1 points, or 2.79%, to 5018.1.
The September share price index futures contract was up 114 points to 4942 on a volume of 27,812 contracts.
