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AMP Capital New Zealand expects more companies to list on the local stockmarket before the year's end.
The kiwi rose to 79.45 US cents from 79.22 cents at the start of the day and from 79.12 cents in late New York trading on Friday.
New Zealand shares have rebounded from last week's drop, led by SkyCity Entertainment Group and Meridian Energy.
An update on the markets for October 20, 2014.
The kiwi traded between 78.84 US cents and 79.96 cents overnight and was at 79.41 cents at 8am.
A monthlong drop in US stocks has intensified, sending the Dow Jones industrial average down more than 400 points.
New Zealand shares have snapped three days of falls as investors hunted yield in an uncertain global economy.
The New Zealand dollar has extended its gains against the greenback and rose to 78.98 US cents.
The NZX 50 Index has shed 0.5 percent with signs of profit-taking and switching to the Australian market that has underperformed in recent weeks.
The kiwi was at US78.79 cents at 8am in Wellington, from US78.72c at 5pm yesterday.
Trading in Pyne Gould Corp shares has been suspended after the financial services firm failed to file its annual report by the required deadline.
The NZ dollar is little changed against the Australian after the Reserve Bank of Australia kept interest rates on hold.
The NZ dollar barely changed after stronger than expected US employment figures stoked demand for the greenback.
An update on the markets for October 6, 2014.
An update on the markets for October 3, 2014.
The euro has boosted the Kiwi dollar after the European Central Bank failed to detail its upcoming bond purchase plan.
An update on the markets for October 2, 2014.
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