The New Zealand sharemarket showed modest gains on Tuesday morning after a strong session on Wall Street.
The benchmark NZX 50 index was up 5 points, or 0.2%, to 3170 on turnover of $20 million at 12.16pm.
Fletcher Building was up 4 cents at $8.05, Telecom rose 1 cent to $2.53 and Contact Energy was up 2 cents at $6.06.
Sky City Entertainment Group rose 3 cents to $3.40.
Fisher & Paykel Healthcare was up 3 cents at $3.19.
The Warehouse was unchanged at $4.30
Infratil was down 2 cents to $1.58 after selling its stake in Auckland International Airport, which was itself down 6 cents at $1.87.
Hallenstein Glasson was up 1 cent after chief executive Roy Dillon said he will step down next March
Nuplex rose 3 cents to $2.61.
AMP was up 35 cents to $7.75 after AXA Asia Pacific on Monday rejected a takeover bid from the insurer and fund manager.
In currency markets, the New Zealand dollar has jumped due to a weak US dollar and is trading at 74.51 US cents, 80.00 Australian, 44.38 pence, 66.93 yen, 0.4962 euro. The TWI was at 66.25.
Across the Tasman, the Australian 200 index was up 74 points, or 1.6%, to 4749 in early trading.
Wall Street
The commitment by G20 developed countries to continue with economic stimulus packages fuelled confidence among US investors.
The Dow Jones industrial average jumped 203.52 points, or 2.03%, to 10,226.94.
The Standard & Poor's 500 Index rose 23.78 points, or 2.22%, to 1,093.08.
The Nasdaq Composite Index gained 41.62 points, or 1.97%, to 2,154.06.
