Tuesday 7th June 2011
|Text too small?|
The New Zealand sharemarket gained in early trading, despite falling stock prices in the United States where weak data is supporting a bearish outlook for the economy.
Around 10.25am the benchmark NZX-50 index was up 7.46 points to 3522.22, after losing 11.1 points on Friday.
Ryman Healthcare (NZX: RYM ) was up 7c to $2.78, Sky TV (NZX: SKT ) lifted 4c to $5.72, Freightways (NZX: FRE ) added 4c to $3.30, Sky City (NZX: SKC ) was up 3c to $3.61, and Nuplex (NZX: NPX ) gained 3c to 43.13.
In the US, stocks have been battered over the past five weeks on a number of disappointing reports, culminating in Friday's (local time) US employment report, which showed employers added a meagre 54,000 jobs last month and the unemployment rate rose to 9.1%.
The Dow Jones industrial average dropped 0.5% to 12,090.11, the Standard & Poor's 500 Index fell 1.1% to 1286.17, and the Nasdaq Composite Index lost 1.1% to 2702.56.
No comments yet
New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report
Pictor ready to roll out game-changing COVID antibody test in New Zealand
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto