After the United States market pushed on, the New Zealand share market escalated for a second successive session, which included 48 rises and 32 falls among the 111 stocks traded. The benchmark NZX-50 index closed up 8.036 points, or 0.268 per cent, at 3003.41.
Grant Williamson, Director at Hamilton, Hindin, Greene said, "The market is up in reaction to a firm Dow Jones and Australian market today. There is little to focus on domestically, leaving investors on the sidelines".
When the US market posted gains subsequent to stronger-than-expected building approval numbers, as well as a stellar report from Apple, markets were mixed in Asia, shared IG Markets.
Telecom escalated 3c to 196, while Fletcher Building went up 1c to 770 on top of yesterday's 16c surge. After the news of a six month extension to its loan facilities, Allied Farmers boosted to 0.7c to 5.5.
NZ Refining shared margins are improved and eased 11c to 315, but it can't be termed as a sustained recovery.
Hellaby escalated 5c to 175, Mainfreight rose 20c to 640, Nuplex mounted 7c to 298 and Restaurant Brands went up 4c to 234.
A 2.2% increase was witnessed by the Goldman Sachs Group. There was a 0.7% increase to 10,229.96 in the Dow Jones industrial average.
