NZ sharemarket rises as Auckland airport shares lift off

The S&P/NZX 50 Index remained solid after an early-morning rise and closed at 11,475.77 points, up 93.19 points or 0.82%.

There were 82 gainers and 45 decliners on the main board, with 27.52 million shares worth $96.24 million changing hands.

The local market was heartened by cooling inflation in the United States, with the major indices there reaching new intraday 52-week highs. 

The Dow Jones Industrial Index was up 0.48% to 36,577.94 points, S&P 500 increased 0.46% to 4643.7, and the Nasdaq Composite rose 0.7% to 14,533.4. The S&P 500 closed at its highest level since March last year, having increased more than 12% during the last six weeks of rises.