Sharechat Logo

NZ sharemarket gains early

Thursday 31st March 2011

Text too small?

The New Zealand sharemarket rose to its highest level since June 2008 in early trading, as it looked to continue a run of gains that has gone on for 11 successive trading days.

Around 10.25am the benchmark NZX-50 index was up 4.67 points to 3437.82, having topped 3440 earlier.

Fletcher Building (NZX: FBU ) rose 6c early to $9.26, Port of Tauranga (NZX: POT ) was up 6c to $8.25, Sky TV (NZX: SKT ) gained 3c to $5.63, The Warehouse (NZX: WHS ) lifted 2c to $3.53, Telecom (NZX: TEL ) was unchanged on $2.01.5.

Stocks falling early included Ebos Group (NZX: EBO ), 5c lower at $7.55, Mainfreight (NZX: MFT ) down 2c to $8.93, Fisher & Paykel Healthcare (NZX: FPH )  down 2c to $3.14, and Contact Energy (NZX: CEN ) down 2c to $5.83.

In the US, stocks rose in activity dominated by money managers buying recent winners, including energy and small-caps, as the quarter nears its end.

The Dow Jones industrial average added 0.6% to 12,350.61, the Standard & Poor's 500 rose 0.7% to 1328.26, and the Nasdaq Composite gained 0.7% to 2776.79.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

Synlait Milk Limited (NZX: SML) Partnership to enhance soil health; test regen ag practices
Property for Industry Limited (NZX: PFI) Strong Valuation Outcome, Penrose Acquisition
3rd December 2021 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra provides Milk Price, earnings and Q1 update
Kiwi Property Group Limited (NZX: KPG) Signs Sale and Purchase Agreement with IKEA
2nd December 2021 Morning Report
The New Zealand Refining Company Limited (NZX: NZR) Launches Share Purchase Plan
Seeka Limited (NZX: SEK) Confirms Market Guidance
Australia and New Zealand Banking Group Limited (NZX: ANZ) Acknowledges Class Action Proceedings
1st December 2021 Morning Report