The New Zealand sharemarket continued to rise in early trading after its 1 percent gain yesterday.Around 10.15am the benchmark NZX-50 index was up 11.87 points to 3007.25, having advanced 30.8 points yesterday after three consecutive trading days of decli
The New Zealand sharemarket continued to rise in early trading after its 1 percent gain yesterday.
Around 10.15am the benchmark NZX-50 index was up 11.87 points to 3007.25, having advanced 30.8 points yesterday after three consecutive trading days of decline.
Fletcher Building was up 5c early to 774 on top of yesterday's 16c surge, while Contact Energy gained 3c to 579 early after rising 8c yesterday.
Port of Tauranga was up 5c to 695, Sky TV lifted 3c to 479, Fisher&Paykel Healthcare gained 2c to 304, NZX lifted 2c to 148, Air New Zealand was up 2c to 106, Trustpower lifted 2c to 717, Nuplex was up 2c to 293, and Auckland Airport lifted 2c to 195.
In the United States, stocks rose for a second consecutive day as investors willing to take a risk took advantage of buying opportunities after many stocks opened weaker.
Goldman Sachs Group rose 2.2 percent as buyers materialised after an early selloff on news the investment bank's quarterly earnings tumbled 82 percent, steeper than forecast.
The Dow Jones industrial average rose 0.7 percent to 10,229.96, the Standard&Poor's 500 Index gained 1.1 percent to 1083.48, and the Nasdaq Composite Index added 1.1 percent to 2222.49.
Stocks could extend gains for a third straight day as futures rose after Apple Inc reported results that surpassed Wall Street's forecasts.
Some market analysts said late buying during the regular session was driven in part by speculation that the Federal Reserve would take steps to spur lending by eliminating interest paid on excess bank reserves held at the Fed.
