It has been reported that shares of Telecom increased 2.7 per cent in a New Zealand sharemarket, which posted a 0.245 per cent increase as global equity markets found some equanimity at least for now.

Yesterday, the local market went down 1.9 per cent, taking its losses ever since its latest increase in mid-April to over 10 per cent.

It has been reported that the benchmark NZX-50 index closed up 7.361 points at 3011.187 today, having opened up 22.1 points.

The revenue is said to have been worth $144.5 million, of which $31m was in Telecom shares. There were 47 increases and 37 falls among the 113 stocks traded.

"The Dow had a very good run right at the end, so that gave the New Zealand market a bit of a leg up and when the aussie market opened it was charging along as well," Stuart Hardie, adviser at Craigs Investment Partners, said.

After reaching a new record low of 185 yesterday, today, Telecom closed up 5c at 190 and traded as high as 195.

After reporting a 15 per cent increase in yearly revenue. Fisher & Paykel Healthcare decreased 15c to 325.

Sanford mounted 1c to 446 and it reported a fall in interim profit when the market shut but maintained its dividend.

Contact Energy went down 6c to 586 and TrustPower mounted 1c to 720. SkyCity went down 2c to 291 and SkyTV was down 3c to 455. Rakon mounted 1c to 98 and Steel & Tube mounted 3c to 253. NZX rose 10c to 165.