New Zealand shares rose, with A2 Milk Co and high-yielding stocks such as Contact Energy and Genesis Energy gaining, with market activity still quiet ahead of February's reporting season.
The S&P/NZX50 Index rose 27.97 points, or 0.4 per cent, to 7074.94. Within the index, 28 stocks rose, 14 fell and eight were unchanged.
Turnover was $85 million.
"I suspect a lot of fund managers and investors are still drifting back into the office this week," said Mark Lister, head of private wealth research at Craigs Investment Partners.
"I'm expecting it to be a bit subdued ahead of the reporting season, we've got the US market closed overnight so there's not a lot of drivers from offshore but our market has had a pretty good start to the year now, up about 2.5 per cent, following a weak finish last year. Our reporting season is really the next key driver for the local market."