RTTNews - Mixed opens are expected for New Zealand and Australia stocks on Wednesday. Markets get a lukewarm lead from Wall Street.
The New Zealand and Australian sharemarkets joined the global rise to higher ground on Tuesday, following up on the strong lead from Wall Street.
In New Zealand, the benchmark NZX-50 Index gained 11.6 points or 0.4 percent to close at 2,748.5.
The New Zealand Stock Exchange listed trading volume of 25.5 million shares valued at NZ$67.0 million.
The list of most actively traded stocks includes Auckland International Airport, which closed up NZ$0.03, AMP New Zealand Office Trust was down a penny, Fletcher Building was up .04, Fisher & Paykel Healthcare was unchanged, Goodman Property Trust was unchanged, Kiwi Income Properties was up a penny, SkyCity Entertainment was up .03 and Telecom Corp of NZ was flat.
Among the dual-listed stocks, Telstra was up .04, Westpac Ban was up .74, Lion Nathan advanced .05, Australia and NZ Banking Group was up .63, APN News & Media was up .03 and AMP N&M was up .03.
In Australia, the markets posted solid gains on strong performances by the financial and resources sectors.
The benchmark S&P/ASX200 Index closed higher by 129.6 points or 3.47 percent at 3,867.1 while the broader All Ordinaries Index added 120.8 points or 3.2 percent to close at 3,858.8.
Trading volume was 1.46 billion shares valued at A$3.67 billion.
Advancing issues outnumbered decliners 632 to 294, with 319 unchanged.
As was the case in the U.S. rally, the major banking stocks were strong. Australia and NZ Banking Group was up .63, Commonwealth Bank of Australia gained $1.58, National Australia Bank added $1.06 and Westpac was up .74.
For the major miners, world leader BHP Billiton was up $1.59 and rival Rio Tinto advanced $2.47. Fortescue Metals was up .11, OZ Minerals was up .06 and Panoramic Resources was up .17.
For the coal miners, Riversdale Mining was up .43, Macarthur Coal was up .22, Centennial Coal was up a nickel and Felix Resources added .32.
In the gold sector, Newmont Mining was up .05, Newcrest Mining was up .24 and Lihir Gold was up .04.
Telecommunications giant Telstra was up .04 and rival Singapore Telecom gained .08.
In overseas trading, U.S. stocks were little changed heading toward Tuesday's close. About a half hour before the end of trading, the Dow Jones Industrial Average was up 17.30 points or 0.21 percent at 8,348.98, the Nasdaq Composite index was up 3.37 points or 0.19 percent at 1,796.58 and the Standard & Poor's 500 index was ahead by 3.48 points or 0.39 percent at 904.21.
All of the major markets in the Asia/Pacific region closed higher on Tuesday.
In Japan, the Nikkei 225 Average was up 211.48 points or 2.34 percent at 9,261.81.
Hong Kong's Hang Seng index was up 631.10 points or 3.66 percent at 17,885.73.
In China, the Shanghai Composite index was up 64.60 points or 2.10 percent at 3,145.16.
The BSE 30 index in India rose 453.38 points or 3.38 percent to 13,853.70.
Indonesia's Jakarta Composite index was up 36.44 points or 1.80 percent at 2,056.58.
In South Korea, the KOSPI/Seoul Composite index advanced 7.44 points or 0.54 percent at 1,385.56.
The Taiwan Weighted Index rose 108.59 points or 1.66 percent to 6,639.41.
For comments and feedback: contact email@example.com