New Zealand stocks rose, led by the Warehouse, following Friday's rally on Wall Street as jobs data boosted confidence in the United States recovery.
The NZX 50 Index edged up 4.32 points, or 0.08 per cent, to 5241.314. Within the index, 26 stocks rose, 13 fell and 11 were unchanged.
Turnover was a lighter-than-usual $69 million as Australia's largest state, New South Wales, had a public holiday, while markets in India, the Philippines and Malaysia were also closed.
Stocks on Wall Street rose on Friday after the US reported better than expected jobs, pushing the jobless rate down to 5.9 per cent, the lowest level since July 2008.
Investors are watching data out of the US closely, as the Federal Reserve looks to wrap up its bond buying programme this month, which has brought money into the markets in a bid to stimulate growth and give markets confidence after the global financial crisis.
"Investors are still being relatively cautious. The market has taken a wait and see attitude to see what happens offshore as the week progresses," said Grant Williamson, director at Hamilton Hindin Greene.
The Warehouse, New Zealand's largest listed retailer, advanced 1.6 per cent to $3.12, while Port of Tauranga climbed 1.3 per cent to $16.10.
Summerset Group Holdings, the retirement village operator and developer, advanced 1.1 per cent to $2.82, after it reported new sales for occupation rights in the third quarter rose 31 per cent with strong sales at its new villages, while resales fell due to limited stock.
Shares of Vector fell 0.4 per cent to $2.62 as the Auckland lines company continued to deal with a major outage in the country's biggest city, that saw power disrupted for 85,000 businesses and households.
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