New Zealand shares have gained, as the market caught up with a global wave of positive sentiment after the Waitangi Day holiday.
The NZX 50 index has gained 32.845 points, or 0.7 per cent, to 4840.788 on Friday.
Within the index 28 stocks rose, 12 fell and 10 were unchanged. Total turnover for the day was $101.1 million.
"Oz had a positive day yesterday, and we were closed so we're playing a bit of catch-up," said Mark Lister, head of private wealth research at Craigs Investment Partners.
"The reason we are only up half a per cent is because we didn't fall so far, there is less bounce back."
Chorus climbed eight per cent to $1.49 after a research note by JP Morgan speculated the telecommunications network operator will seek to raise $300 million from investors at a discounted price.
Separately, the Commerce Commission outlined its proposed process to determine final pricing for services on Chorus's regulated copper network.
"There was something in that release that was positive to somebody," Mr Lister said.
A2 Corp, which markets milk products with a protein variant claimed to have health benefits, rose 4.4 per cent to a record 95 cents. It's gained 86 per cent in the past year.
Xero advanced 3.3 per cent to $40.01, Auckland International Airport rose 3.1 per cent to $3.66 and Sky Network Television was up 0.4 per cent to $5.77.
Online Auction site Trade Me Group dropped four per cent to an 18-month low $3.80 amid reports the website is in a spat with real estate agents over lifting the price of its property listings.
