Thursday 4th September 2008
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The sharemarket fell slightly today with the NZSE50 down -0.75% to end the day at 3,348.
Top stock Telecom fell 2.2% and Contact Energy lost 0.1%, while Fletcher Building increased 2.7%.
In the retail sector, Hallenstein Glasson was up 0.3% and Pumpkin Patch increased 0.6%, while The Warehouse Group dropped 1.2%.
Among other top gainers, Geneva Finance was up 25%, Steel & Tube Holdings up 7.95%, Austral Pacific Energy up 5.13%, Cavalier up 3.5%, and SkyCity jumped 3.1%.
Not doing so well were Heritage Gold down 19.23%, Plus SMS down 15.56%, Dorchester Pacific down 13.64%, AMP 2.6%, Fisher & Paykel Appliances 3.7%, Fisher & Paykel Healthcare 2.1%, Goodman Fielder 4.8%, Guinness Peat Group 2.1%, Lion Nathan 2.7%, Port of Tauranga 2.1%, and Westpac 2.2%.
Skellerup Holdings increased 6.32% after it posted a full-year profit on demand for its products from the booming dairy industry and a one-time gain from asset sales.
L&M Petroleum, an oil and gas explorer listed on the NZX and ASX, was up 5.26% after saying it will farm in to a drilling programme in California's San Joaquin Basin, its first foray outside of New Zealand.
The benchmark S&P/ASX200 slid 80.5 points, or 1.6%, to 4979.5, while the broader All Ordinaries lost 79.6 points, or 1.55%, to 5,050.9.
Overnight, the Dow Jones index rose 15.96 points to 11,532.88, but the broader
Standard & Poor's 500 lost 2.6 points to 1274.98. The Nasdaq shed 15.51
points to 2,333.73.
|NZ Top 50||3,348.141||-25.307 (-0.75%)|
|ASX 200||4,979.500||-80.500 (-1.59%)|
|FTSE 100||5,499.70||-121.00 (-2.15%)|
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