The New Zealand sharemarket opened firmly after the Waitangi Day long weekend, helped by a good start to the new week from leading stock Telecom.
Around 10.15am the benchmark NZSX-50 index was up 22.15 points, or 0.8 per cent, to 2795.64, after stocks in the United States hada two-day rally at the end of last week.
Telecom gained 7c early to 277, with other leading stocks Fletcher Building up 7c to 559 and Contact Energy up 1c to 679.
Fisher & Paykel was up 3.3 per cent early, gaining 11c to 340, with The Warehouse up 5c, and Auckland Airport up 2c. Dual-listed bank Westpac was up 20c early to 2050.
