New Zealand shares gained, led by Z Energy and Spark New Zealand as a decline in global bond yields boosts the attraction of local stocks with high dividends. Telecommunications network operator Chorus fell.
The S&P/NZX 50 Index rose 28 points, or 0.4 percent, to 7225.02. Within the index, 16 stocks rose, 27 fell and seven were unchanged. Turnover was $136 million.