Reuters: Hot Stocks: New Zealand shares open firmer, Australia closed for holiday

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New Zealand shares open firmer, Australia closed for holiday Jun 9th 2013, 22:39 Tweet Share this Email Print Sun Jun 9, 2013 6:39pm EDT WELLINGTON, June 10 (Reuters) - New Zealand shares opened with a modest lift on Monday led by leading stocks, following a strong finish on Wall Street last week and gains for commodities. Investors were lifted by data showing a reasonably healthy U.S. labour market report for May, which was seen calming thoughts of the Federal Reserve starting to ease back soon on its stimulus measures, although the data pointed to a reduction at some stage this year. New Zealand's benchmark NZX 50 index was 0.5 percent higher to 4,462.20 in early trading, with the impetus coming from top stock Fletcher Building Ltd up 0.7 percent, and a 2.2 percent rise in the number two stock Telecom Corp Ltd . There were also solid gains for telecom's network company Chorus Ltd and Contact Energy Ltd. Overall rising stocks outnumbered the falls by a margin of two-to-one. Activity was likely to be thinned by neighbouring Australia being on holiday. The S&P/ASX 200 index closed on Friday down 0.9 percent or 43.5 points to 4,737.7, the lowest since Jan. 16. (Reporting by Gyles Beckford) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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