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Market close: Slight gains to start the week

Monday 28th July 2008

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The sharemarket rose slightly today with the NZSE50 up 0.07% to end the day at 3,257.

Top stock Telecom surged 3.4% and Contact Energy advanced 0.6%, while Fletcher Building plunged 3.0%.

The retail space was mixed, Michael Hill was up 5.3% and Hallenstein Glasson rose 1.8%, but Pumpkin Patch plummeted 2.1% and The Warehouse Group declined 1.0%.

Banks had a bad day, ANZ slumped 10.9% after it said full-year profit may drop as much as 25% because of increased provisioning for bad debts. Westpac dropped 3.6% and AMP declined 0.9%.

Other major gainers included Tourism Holdings 8.8%, Cavalier Corp. 5.3%, New Zealand Exchange 4.8%, SkyCity 4.0%, and PGG Wrightson 3.5%.

Among other major losers, Fisher & Paykel Appliances tumbled 4.4%, Pike River Coal fell 2.5%, ING Property Trust plunged 2.4%, Goodman Property Trust plummeted 3.4%,

The benchmark S&P/ASX200 index was down 48.4 points, or 0.97%, to 4922.1 while the broader All Ordinaries dipped 39 points, or 0.78%, to 4989.9.

The Dow Jones Industrial Average rose 21.41 points, or 0.19%, to 11,370.69 and the Standard & Poor's 500 broad-market index added 5.22 points to 1,257.76.
The tech-heavy Nasdaq composite gained 30.42 points, or 1.33%, to 2,310.43.

NZ Top 50 3,256.574 +2.413 (+0.07%)
ASX 200 4,922.100 -48.400 (-0.97%)
Dow 11,370.69 +21.41 (+0.19%)
Nasdaq 2,310.53 +30.42 (+1.33%)
FTSE 100 5,341.20 -11.40 (-0.21%)

 

  NZX TOP 50  
As at: 28/07/2008 5:33pm
CODE
LAST
+/-

AIA
1.86 -0.06

AIR
1.25 +0.01

AMP
8.32 -0.18

ANZ
20.50 -2.51

APN
4.20 0.00

APT
1.11 -0.01

CAV
2.40 +0.12

CEN
8.17 +0.05

EBO
4.60 +0.05

FBU
6.49 -0.20

FPA
1.98 -0.09

FPH
2.57 0.00

FRE
3.03 +0.03

GFF
1.72 +0.02

GMT
1.14 -0.04

GPG
1.35 -0.01

HLG
2.85 +0.05

IFT
2.21 -0.03

IMP
1.15 -0.01

ING
0.82 -0.02

KIP
1.15 -0.01

LNN
11.08 -0.08

MFT
6.57 +0.02

MHI
0.80 +0.04

MVN
1.60 0.00

NPX
5.40 +0.10

NZO
1.53 -0.01

NZR
6.73 +0.03

NZS
1.82 0.00

NZX
7.60 +0.35

PFI
1.18 +0.01

PGW
2.69 +0.09

POT
6.50 -0.04

PPL
1.41 -0.03

PRC
1.98 -0.05

RAK
2.70 -0.03

RYM
1.68 +0.02

SAN
5.30 0.00

SKC
3.40 +0.13

SKL
0.85 0.00

SKT
4.50 0.00

STU
2.70 0.00

TEL
3.61 +0.12

THL
1.48 +0.12

TLS
5.78 +0.15

TPW
7.75 +0.05

TWR
2.15 +0.02

VCT
2.11 +0.03

WBC
26.50 -1.00

WHS
3.91 -0.04


 

 



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