New Zealand shares gained, paced by Xero and Diligent Board Member Services, after the 19 per cent rise of SLI Systems on debut attracted investors to web-based firms.
The NZX 50 index rose 40.84 points, or 0.9 per cent, to 4511.35. Within the index, 25 stocks gained, 17 fell and eight were unchanged. Turnover was a bigger than normal $339 million.
Gold miner OceanaGold was the biggest gainer, up 7.7 per cent to $2.37.
Website search engine designer SLI jumped 28c to $1.78 on its NZX debut yesterday, the first of several technology-based stocks set to join the stock exchange in coming months. That demand spilled over into fellow software-as-a-service providers Xero and Diligent, which climbed 5.7 per cent to $14 and 6.6 per cent to $8.20 respectively.