Sharechat Logo

Sharemarket slips early after 28-month high yesterday

Friday 14th January 2011

Text too small?

The New Zealand sharemarket slipped in early trade after rising to a 28-month high yesterday.

Around 10.15am the benchmark NZX-50 index was down 1.45 points to 3372.26, having yesterday ended up 39.1 points.

Investment company Hellaby Holdings (NZX: HBY ) edged up 1c to $2.21 in early trade today, having reached a three-year high of $2.25 during trading yesterday.

Ryman Healthcare (NZX: RYM ) was up 2c to a 3-1/2-year high $2.37, while NZ Refining Co (NZX: NZR ) added 2c to equal yesterday's 18-month high at $4.50.

Contact Energy (NZX: CEN ) was down 2c to $6.33, Telecom (NZX: TEL ) slipped 1c to $2.28 from yesterday's 11-month high, and Fletcher Building (NZX: FBU ) was unchanged on $7.96.

Nuplex (NZX: NPX ) dropped 2c to $3.50, Sky TV (NZX: SKT ) was down 3c to $5.31, Xero (NZX: XRO ) dropped 2c to $2.78, and Delegat's Group (NZX: DGL ) gained 7c to $2.17.

In the US, stocks were hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies.

On preliminary figures, the Dow Jones industrial average was down 0.2% at 11,731.90, the Standard & Poor's 500 Index was down 0.2% at 1283.76, and the Nasdaq Composite Index was down 0.1% at 2735.29.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

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
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report