The New Zealand sharemarket has risen on the back of strong gains on Wall Street, with the benchmark NZX 50 index closing up 15 points, or 0.5%, to 31.60 on turnover of $67 million.
Fletcher Building rose 9 cents to $7.95, Telecom 4 cents to $2.52 after a $163 million quarterly profit, and Contact Energy cents to $6.02.
Sky Network Television was up 8 cents to $4.88, Fisher & Paykel Appliances 2 cents to $0.67 and Rakon 3 cents to $1.19.
Nuplex rose 14 cents to $2.54 after saying its full-year profit will rise by as much as 78% to be between $36 million and $44 million.
Kiwi Income Property Trust was down 3 cent to $1.02 after a half-year loss of $18.2 million, due to a drop in the value of its property portfolio.
Across the Tasman, the Australian 200 index was up 80 points, or 1.8%, to 45.88 in mid-afternoon trading there.
In currency markets about 5pm, the NZ dollar was trading at 72.22 US cents, 79.11 Australian, 43.5 pence, 65.5 yen and 0.4856 euro. The TWI is 64.78.
