After a slow day on the market yesterday, the trading opened today with a rise of the New Zealand's benchmark stock index NZX-50 up with two points to 3190.838. The benchmark NZX-50 index was up 4.8 points or 0.15 percent to 3,193.48 in subtle early trading.

Among leading shares at 10.20am, Telecom was up 1c to $2.40, Fletcher Building was up 3c to $8.05 and Contact was down 5c to $6.00. Top stock Fletcher Building was 0.4 percent up at at NZ$8.05, while the number two company Contact Energy Ltd was 0.8 percent down at NZ$6.00, and Telecom Corp was 1.3 percent higher at NZ$2.42

Other shares were Auckland Airport, up 1c to $1.88, Fisher & Paykel Appliances, up 1c to 61c, and Port Tauranga, up 5c to $7.15 with small degrees traded. The Warehouse was up 5c to $3.90 and Infratil was up 1c to $1.64. Goodman Property fell 1c to $1.02, ING Medical fell 1c to $1.17 and AMP Office Trust fell 1c to 74c.

Hamilton, Hindin and Greene director Grant Williamson said, "I think most investors locally are just buying time as we wait for the reporting season to kick-off in February. There is really a lack of domestic news to influence our prices at the moment".