RTTNews - Mixed opens are expected for the New Zealand and Australia stock markets on Tuesday, as both markets look to extend recent winning streaks despite a modestly lower lead from Wall Street.
Both the New Zealand and Australia sharemarkets posted their 10th consecutive advance on Monday.
In New Zealand, the benchmark NZX-50 index closed with a gain of 36.8 points or 1.2 percent at 2,9988.0
The New Zealand Stock Exchange reported trading volume of 41.4 million shares valued at NZ$95.0 million.
Advancers outnumbered decliners 51 to 23 with 33 unchanged.
Among the session's most actively traded stocks, Auckland International Airport was up NZ$0.02, AMP NZ Office Trust was unchanged, Fletcher Building was up .02, Fisher & Paykel Appliances was up .03, Goodman Property Trust was up a penny, Infratil was down one cent, Pike River Coal was down one cent, SkyCity Entertainment Group was up .03, Telecom Corp of NZ advanced .06 and Vector was unchanged.
For the dual-listed stocks, Telstra was up .11, Westpac Bank was up .13, Lion Nathan was unchanged, AMP was up .11, APN News & Media was down .03 and Australia and NZ Banking Group was up .13.
Across the Tasman, Australia's benchmark S&P/ASX200 index was up 49.8 points or 1.2 percent to 4,139.6 while the broader All Ordinaries Index advanced 50.5 points or 1.23 percent to 4,147.8.
Market turnover totaled 2.06 billion shares valued at A$4.43 billion.
Advancing issues outnumbered decliners 607 to 435 with 334 unchanged.
The big mining companies were stronger, led by Rio Tinto's advance of A$2.19 or nearly 4 percent. Rival BHP Billiton was up .34, Fortescue Metals was up .14 and OZ Minerals was down .02.
The energy related stocks were higher, with Woodside Petroleum higher by a penny, Oil Search up .04, Santos up .11 and Origin Energy down .14.
Among the major banks, Australia and NZ Banking Group was up .13, Commonwealth Bank of Australia put on .42, National Australia was up .16 and Westpac Bank was up .13.
In the retail sector, Woolworths advanced .09, Wesfarmers was up .82, David Jones was down .06, JB Hi-Fi was up .47 and Harvey Norman was down .02.
Despite data showing a jump in home sales, U.S. stocks appeared headed toward a modestly lower close on Monday. About 10 minutes before the closing bell, the Dow Jones Industrial Average was down 20.10 points or 0.22 percent at 9,073.14, the Nasdaq Composite index was down 5.96 points or 0.30 percent at 1,960.90 and the Standard and Poor's 500 index was down 1.15 points or 0.12 percent at 978.11.
All of the major Asia/Pacific markets except India's closed higher on Monday.
Japan's Nikkei 225 Average rose 144.11 points or 1.45 percent to 10,088.66.
In Hong Kong, the Hang Seng index was up 268.83 points or 1.35 percent at 20.251.62.
The Shanghai Composite index in China advanced 62.61 points or 1.86 percent to 3,435.21.
Indonesia's Jakarta Composite index was up 23.45 points or 1.07 percent to 2,209.10.
In Indian, the BSE 30 index declined 3.92 points or 0.03 percent to 15,375.04.
The KOSPI/Seoul Composite index in South Korea was up 21.46 points or 1.43 percent at 1,524.05.
The Taiwan Weighted Index rose 55.15 points or 0.79 percent to 7,028.43.
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