Market Close: Friday's gains disappear

Monday 7th July 2008

The market closed lower today, reversing Friday's gains. The NZSE50 was down over 1% to end the day at 3,121.

The most actively traded stock on the bourse, with over 11.1 million shares changing hands was Telecom NZ, closing the day down 1% from it's opening to $3.38. The next biggest trader was Fisher & Paykel Appliances, closing at $1.83 with over 2.6 million shares being traded.

Falls outweighed rises by 57 to 24, with the biggest loser being Plus SMS Holdings Ltd, down 6% to 6c, while the star of the day was Allied Work Force Group Ltd up 6% to .72c.

Pumpkin Patch jumped over 2% after multimillionaire Kathmandu founder Jan Cameron disclosed a 6.3% interest in the children's clothing retailer.

Other major gainers included Freightways 2.4% and Nuplex 3.1%, while major losers included Auckland International Airport 2.1%, Fisher & Paykel Appliances 2.7% and Guiness Peat Group 2.8%. New Zealand Oil & Gas also fell 2.3%.

The benchmark S&P/ASX200 index fell 79.6 points, or 1.57%, to 5002.5, while the broader All Ordinaries dropped 78.3 points, or 1.51%, to 5091.7.

NZ Top 50	3,121.445	-36.471 (-1.15%)
ASX 200	5,002.500	-79.600 (-1.57%)
Dow	11,288.54	+73.03 (+0.65%)
Nasdaq	2,245.38	-6.08 (-0.27%)
FTSE 100	5,412.80	-63.80 (-1.16%)

NZX TOP 50
As at: 7/07/2008 5:34pm
CODE	LAST	+/-
AIA	1.87	-0.04
AIR	1.09	0.00
AMP	8.40	0.00
ANZ	24.33	+0.13
APN	3.90	0.00
APT	1.12	-0.01
CAV	2.25	+0.01
CEN	7.60	-0.20
EBO	4.20	0.00
FBU	6.22	-0.20
FPA	1.83	-0.05
FPH	2.29	-0.02
FRE	3.00	+0.07
GFF	1.73	0.00
GMT	1.20	+0.01
GPG	1.37	-0.04
HLG	2.60	+0.04
IFT	1.83	0.00
IMP	1.12	+0.01
ING	0.88	0.00
KIP	1.16	-0.01
LNN	10.80	0.00
MFT	6.29	-0.11
MHI	0.75	-0.01
MVN	1.58	+0.01
NPX	5.05	+0.15
NZO	1.70	-0.04
NZR	7.00	+0.10
NZS	1.78	-0.02
NZX	7.35	0.00
PFI	1.18	-0.01
PGW	2.55	0.00
POT	6.25	-0.15
PPL	1.52	+0.04
PRC	2.18	-0.02
RAK	2.76	-0.01
RYM	1.64	-0.03
SAN	5.15	0.00
SKC	3.17	+0.02
SKL	0.81	0.00
SKT	4.25	0.00
STU	2.48	0.00
TEL	3.38	-0.03
THL	1.33	-0.01
TLS	5.47	+0.02
TPW	7.40	0.00
TWR	1.97	-0.01
VCT	1.92	-0.01
WBC	25.00	-0.50
WHS	3.95	-0.05

Comments from our readers

No comments yet