NZ shares join rally on US jobs data NEW Zealand shares rose, joining a rally in equity markets since figures on Friday showed the US economy added more jobs than expected last month, stoking demand for growth assets. The NZX 50 Index rose 33.526 points, or 0.8 per cent, to 4473.384. Within the index, 27 stocks rose, 16 fell and seven were unchanged. Turnover was a lower-than-average $71.3 million as Australia's Queen's Birthday holiday kept investors across the Tasman on the sidelines. SkyCity rose 4.3 per cent to $4.33. Air New Zealand gained 2.3 per cent to $1.54 and Freightways gained 2.3 per cent to $4.50. The Dow Jones Industrial Average climbed 1.4 per cent on Friday in New York after payrolls climbed 175,000 in May. In Asia, the Nikkei 225 Index was up almost 4 per cent on reports the Government Pension Investment Fund plans to sell bonds to buy equities. "There's a bit of spillover from overseas," said Greg Easton, an adviser at Craigs Investment Partners. Fisher & Paykel Healthcare, which gets more than 50 per cent of its revenue in US dollars, rose 1.6 per cent to $3.25 as the kiwi dollar held near an 11-month low. Auckland International Airport, the nation's busiest gateway, rose 1.3 per cent to $3.04. Fletcher Building rose 0.8 per cent to $8.36 after government figures showed property values are rising at a 7.1 per cent annual pace. Steel & Tube Holdings gained 0.8 per cent to $2.45. Telecom gained 0.9 per cent to $2.26. Fonterra Shareholders' Fund rose 0.3 per cent to $7.27 after a Ministry for Primary Industries report forecast stronger prices and exports for dairy products through until 2017. Turners Auctions rose 0.6 per cent to $1.79 after financial services firm Dorchester Pacific said it had raised its stake to 19.85 per cent. Dorchester stock was unchanged at 30 cents. MightyRiverPower rose 1.7 per cent to $2.34, remaining below its IPO price of $2.50. SLI Systems fell 1.4 per cent to $2.05. Snakk Media fell 2.9 per cent to 13.3 cents.