The remarkable gain the New Zealand share market has been boosted by the stock rise in its telecom sector.

Despite a slip in the global equities last weekend, the Market in New Zealand opened with a bang. Telecom gained by 1.6% initially reaching 189, along with fishing Company Sanford gaining 5c to 430 and Warehouse rising by 2c to 350.

The benchmark NZX-50 index reportedly surged by 7.6 points to 3055.35, reaching a final gain of 12.9-point on Friday.

However, the shower and tapware Companies' shares fell by 2c to 156 due to the 22.2% dip in the yearly net profit, which amounted to $7.8 million.

On a similar note, the stocks in US markets also fell on Friday, marking the worst months' record since the recession.

The industrial average for Dow Jones fell by 1.2% to 10,136.63, followed by the Standard & Poor's 500 Index which dropped by 1.2% to 1089.41. In addition, the Nasdaq Composite Index slipped by 0.9% to 2257.04.

This month, the Dow fell 7.9%, the S&P dropped 8.2% and the Nasdaq suffered 8.3% slip.

Since February 2009, the decline has reportedly been the worst for Dow and S&P. meanwhile, the Nasdaq suffered its worst drop this month, since November 2008.