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Market Close: Friday's gains disappear

Monday 7th July 2008

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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
1.090.00

AMP
8.400.00

ANZ
24.33+0.13

APN
3.900.00

APT
1.12-0.01

CAV
2.25+0.01

CEN
7.60-0.20

EBO
4.200.00

FBU
6.22-0.20

FPA
1.83-0.05

FPH
2.29-0.02

FRE
3.00+0.07

GFF
1.730.00

GMT
1.20+0.01

GPG
1.37-0.04

HLG
2.60+0.04

IFT
1.830.00

IMP
1.12+0.01

ING
0.880.00

KIP
1.16-0.01

LNN
10.800.00

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
7.350.00

PFI
1.18-0.01

PGW
2.550.00

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
5.150.00

SKC
3.17+0.02

SKL
0.810.00

SKT
4.250.00

STU
2.480.00

TEL
3.38-0.03

THL
1.33-0.01

TLS
5.47+0.02

TPW
7.400.00

TWR
1.97-0.01

VCT
1.92-0.01

WBC
25.00-0.50

WHS
3.95-0.05



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