The New Zealand sharemarket has risen for a third day in a row as investors piled back into global stocks.
The benchmark NZX50 was 8 points, or 0.25%, higher at 3216 at the close of trade on Friday on turnover of $108 million.
The value of the market stood at $38.5 billion, about $2 billion less that this time last week.
Hamilton Hindon Greene client adviser James Smalley says investors are taking the lead from overseas markets, in particular Wall Street which jumped almost 4%.
He says volumes are low as many investors are staying on the sidelines because of the volatility.
Mr Smalley says global uncertainty will continue to dominate the New Zealand market, though local profit results in coming weeks will also influence investors.
Top shares were mixed. Fletcher Building rose 11 cents to $7.62 and Contact Energy gained 2c to $4.95, while Telecom fell 4.5 cents to $2.45.
On Friday evening, the New Zealand dollar was trading at 82.35 US, 79.99 Australian, 50.79 pence, 63.22 Yen and 0.5793 euro. The Trade Weighted Index stood at 71.25.
Global trading volatile
United States and European shares have risen, though trading remained volatile as concerns continue about debt problems in Europe.
The rise on Wall Street was helped by figures showing a fall in the number of unemployment claims.
In Europe, indexes closed higher after French President Nicolas Sarkozy and German Chancellor Angela Merkel said they would meet to discuss euro zone financial governance.
