The New Zealand sharemarket started the new week strongly, picking up where equities in the United States finished last week.
Shares in retailer Hallenstein Glasson rose 3c to 415 after the company reported full year earnings before tax on normal business activity rose nearly 60 percent to $29.2 million, boosted by an improved buying regime by the company and the stronger New Zealand dollar.
Overall, the benchmark NZX-50 index was up 17.46 points to 3228.62 around 10.15am, after losing 16.9 points on Friday.
In early trading today, The Warehouse lifted 5c to 380, Port of Tauranga gained 4c to 685, Freightways was up 4c to 299, and Fletcher Building added 4c to 850.
Nuplex lifted 3c to 343, Fisher&Paykel Healthcare added 3c to 305, Contact Energy gained 3c to 575, and Telecom lifted 2c to 205.
In the United States, stocks notched their fourth week of gains as investors used a rise in business spending to revive the September rally after three days of losses.
Economic data gave a mixed picture, but traders latched on to a rise in August business spending as the latest sign the recovery is on firmer ground.
The Dow Jones industrial average was up 1.9 percent at 10,860.26, the Standard&Poor's 500 Index finished up 2.1 percent at 1148.65, and the Nasdaq Composite Index was up 2.3 percent at 2381.22.
For the week, the Dow was up 2.4 percent, the S&P rose 2.1 percent and the Nasdaq added 2.8 percent.