KEY POINTS:
The share market was little changed in opening trade after Wall Street recouped losses from last week's sharp selloff.
The benchmark NZSX-50 index was down 2.012 points at 4226.816 after falling 17.179 points yesterday.
Telecom was down 5c at 460 ahead of its annual result on Friday.
Fisher & Paykel Healthcare was up 1c at 345 after rising 18c yesterday.
Mainfreight, which holds its annual meeting today, was untraded.
Fletcher Building was up 2c at 1242 and Contact Energy was down 3c at 940. Auckland Airport was down 1c at 332.
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US stocks rebounded on Monday as optimism about earnings resurfaced and concern about credit conditions eased.
The Dow Jones industrial average gained 92.84 points, or 0.70 per cent, to end at 13,358.31.
- NZPA