The New Zealand sharemarket caught part of the positive exhaust coming from the US in the opening to trading this morning.
The benchmark NZSX-50 index opened at 2676.952 and in the first quarter of an hour gained 21.058 points, or 0.787% to 2698.010.
Early risers were Telecom, up 6c to 238, Nuplex up 5c to 305, Auckland Airport gaining 3c to 170, Fletcher Building up 10c to 580 and Contact up 3c to 681.
Stocks in the negative were Hallenstein Glasson Holdings down 5c to 225 and Hellaby down 2c to 121.
The buoyancy reflected Wall Street's rebound from an early sell-off to end higher after the government said it would assist troubled US automakers on Friday.
The Dow Jones industrial average was down more than 200 at the open when it appeared the bailout might be dead. But all the major indicators began to regain ground when the White House and the Treasury announced they were considering diverting money from the Wall Street rescue fund to the US carmakers.
The Dow rose 64.59, or 0.75%, to 8629.68. The Dow had tumbled 196 points on Thursday as worries intensified that the auto bill would stall in the Senate.
The Standard & Poor's 500 index rose 6.14, or 0.70%, to 879.73, and the Nasdaq composite index rose 32.84, or 2.18%, to 1,540.72.
The Russell 2000 index of smaller companies rose 17.22, or 3.82%, to 468.43.
For the week, the Dow ended with a loss of fewer than 6 points, or 0.07%. The S&P 500 rose 0.42%, while the Nasdaq advanced 2.08% because of Friday's gains.
Since its November 20 low, the Dow is up 14.3%, the S&P 500 is up 16.9% and the Nasdaq has a gain of 17.1%.
