The New Zealand sharemarket rose today, despite relinquishing many of its morning gains.

The NZX50 index was up 0.2 per cent or 6.3 points at 3795.48.

Within the index, 26 stocks rose, 8 fell and 16 were unchanged.Forsyth Barr broker David Price said the equity market had performed well of late, and today's performance should be viewed in that context.

''The other thing to remember is the currency was quite strong.''

Price said that would have taken the edge off demand for most equities.

OceanaGold shone out as the stand-out performer, up 27 cents, or 8 per cent, at $3.65.The NZX itself rose 2.8 per cent to $1.11.

Vector closed up 1.8 per cent at $2.85 and Trade Me closed above $4, at $4.01, also gaining 1.8 per cent despite a rare technical issue this morning which knocked its website offline for 10 minutes.

Ebos was up 1.7 per cent at $8.35, Fletcher Building 1.6 per cent higher at $6.80 and Goodman Fielder was up 1.5 per cent at 69 cents.

Fisher & Paykel Healthcare was decidedly off-colour, dropping 6.2 per cent to $2.12, apparently on the back of the strong Kiwi dollar.

Insurance company Tower and Telstra were the only other significant losers, with Telstra's price likely to have been affected by the cross rates. Tower was down 1.7 per cent at $1.77 and Telstra closed down 1 per cent at $4.84. 

- © Fairfax NZ News