NZ shares bounce with Wall St

The S&P/NZX 50 Index rose 72.67 points, or 0.6 percent, to 11,811.78. Within the index, 27 stocks rose, 18 fell and five were unchanged. Turnover was $183.7 million.

Global equity markets rebounded after experiencing aggressive selling in the past week, interrupted by Labor Day in the United States.

Wall Street indices rose about 2 percent each, with the Nasdaq Composite the best performer up 2.7 percent.

The local market followed the offshore lead, with broad based gains, as it has done for most of the week.