New Zealand's benchmark NZX 50 index rose 25 points (0.7%) on Tuesday to close at 3480 on turnover of $114 million.
Fletcher Building rose 1 cent to $6.31, and cornerstone stock Telecom jumped 4.5 cents to $2.535, while Australian-controlled energy company Contact also lifted sharply, by 9 cents, to $4.88.
News of a chief executive-designate to replace Rob Fyfe at the end of the year helped lift Air New Zealand 0.5 of a cent to 87 cents.
Trade Me rose 3 cents to $3.79 after majority owner Fairfax Media slashed its stake from 66% to 51% as it raised $A204 million to reduce debt.
Xero rose 16 cents to $4.89, Diligent Board Member Services rose 6 cents to $3.57, and OceanaGold rose 11 cents to $2.68.
Retailers Kathmandu (up 8 cents to $1.54) and The Warehouse (up 4 cents to $2.55) also rose.
Tower rose 4 cents to $1.60, AWF rose 17 cents to $2.60, Abano Healthcare rose 10 cents to $4.15, and Hellaby Holdings rose 5 cents to $2.80
Sky City Entertainment fell 3 cents to $3.51, and Sky Network TV fell 2 cents to $4.97, while Fisher & Paykel Healthcare slipped 5 cents to $2.10,
Telecom offshoot Chorus fell 3 cents to $3.07, Ebos fell 8 cents to $7.55, and Tourism Holdings fell 5 cents to 55 cents.
At the end of the business day, the NZ dollar was trading at 79.31 US, 78.29 Australian, 50.54 pence, 62.61 yen, 0.6288 euro, and the TWI was 71.61 points.
