Thursday 2nd October 2008
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The sharemarket closed higher today with the NZSE50 up 1.40% to end the day at 3,232.
Top stock Telecom jumped 4.6% after Telecom shareholders rejected Elliott International's two nominees for the board at today's annual meeting, re-electing Rod McGeoch and Kevin Roberts instead.
Fletcher Building increased 0.6%, but Contact Energy finished the day down 0.8%.
The retail sector was mixed, Pumpkin Patch jumped 3.9% and Hallenstein Galsson climbed 1.2%. But The Warehouse Group lost 0.3% and Michael Hill declined 1.3%.
Gainers today included Smartpay up 28%, Pulse Utilities up 22%, Tower up 5%, Telecom up 4.6%, Westpac Banking up 4.5%. Rakon gained 3.0%, SkyTV rose 3.8% and Port of Tauranga advanced 2.7%.
The biggest declines were Savoy Equities down 89%, Plus SMS Holdings down 22%, Charlie's Group down 10%, OceanaGold down 9% and Renaissance down 7%.
Asian Mineral Resources, the biggest investment of New Zealand's Widespread Portfolios, said typhoon rains have caused mudslides and damaged equipment at its Ban Phuc nickel project in Vietnam.Widespread ended down 43% today.
The benchmark S&P/ASX200 index turned lower, falling 25 points, or 0.52%, at 4769.6.
The Dow fell 19.59 points, or 0.18%, to 10,831.07, while the broader S&P500
slipped 5.3 points, or 0.45%, to 1,161.06.
The NASDAQ, which carries tech and more recently listed heavyweights, fared worse and lost 22.48 points, or 1.07%, to 2,069.4.
|NZ Top 50||3,232.640||+44.679 (+1.40%)|
|ASX 200||4,769.600||-25.000 (-0.52%)|
|FTSE 100||4,959.59||+57.14 (+1.17%)|
NZX Top 50
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