The New Zealand sharemarket rose today, following a decline yesterday after nine consecutive days of gains.
"It was a good performance by the local market considering there were flat performances offshore," said Grant Williamson, director at Hamilton, Hindin Greene.
The benchmark NZX-50 index closed up 12.985 points, or 0.404 percent, at 3226.192. Market turnover was worth $75.89 million. There were 50 rises and 28 falls among the 112 stocks traded.
There were few features in trading and few corporate situations to focus on. The New Zealand Dollar rose today ahead of the Reserve Bank of New Zealand monetary policy statement tomorrow.
Telecom gained 3c to 224, and Fletcher Building rose 3c to 813, helping the index higher.
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