The New Zealand sharemarket had a strong start to the week, with the benchmark NZX 50 index rising 30 points to close at 3037 on turnover of $67 million.
Fletcher Building was up 9 cents to $7.61 per share, Telecom gained 5c to $2.05 and Contact Energy was down 1c to $5.66.
Sky City Entertainment fell 1c to $2.90 after announcing it would spend $250 million on its Adelaide casino.
Sky Network Television gained 4c to $5.04.
Fisher & Paykel Healthcare rose 9c to $2.90 after forecasting a full-year profit of between $65 million and $70 million for the 2011 financial year.
Vector was up 4c to $2.16, after increasing its full-year profit by 17% to $193.5 million on Friday.
Allied Farmers was unchanged at 2.5c after being given an extra two weeks to file its annual financial accounts.
NZ Farming Systems Uruguay rose 1c to 70c as takeover bidder Olam International tries to convince more shareholders to accept their 70c-a-share bid.
At 5.20pm on Monday, the New Zealand dollar was trading at at 70.98 US, 79.07 Australian, 45.76 pence, 60.65 yen and 0.5577 euro. The Trade Weighted Index stood at 66.46.
Trading in South Canterbury Finance securities remained on hold as the company warned its plans to bolster its financial position could fail.