Market close: Slight gains to start the week

Monday 4th August 2008

The sharemarket rose slightly today with the NZSE50 up 0.49% to end the day at 3,319.

Among top stocks, Telecom was up 2.5% and Fletcher Building gained 0.3%, but Contact Energy slightly dropped 0.1%.

The retail space was mixed, Pumpkin Patch increased 2.8%, Hallenstein Glasson and The Warehouse Group both added 0.4%, while Michael Hill dropped 1.3%. Briscoe Group closed unchanged after reporting sales fell 2.3% in the second quarter as retailers cut prices, eroding margins.

Biggest gainers today were Life Pharmacy and Xero, both up 10%. The biggest decline was Pulse Utilities dropping 29%.

The benchmark S&P/ASX200 index had fallen 16.3 points, or 0.33%, to 4887.7, while the broader All Ordinaries index lost 20.4 points, or 0.41%, to 4957.6. The market closed weaker on lower base metal prices and a profit downgrade by Lend Lease Corporation who said annual profit fell 47% after it wrote down the value of assets in the UK

The Dow fell 51.70, or 0.45%, to 11,326.32, the Standard & Poor's 500 index fell 7.07, or 0.56%, to 1,260.31, and the Nasdaq composite index fell 14.59, or 0.63%, to 2,310.96.

NZ Top 50	3,319.219	+16.062 (+0.49%)
ASX 200	4,887.700	-16.300 (-0.33%)
Dow	11,326.32	-51.70 (-0.45%)
Nasdaq	2,310.96	-14.59 (-0.63%)
FTSE 100	5,354.70	-57.20 (-1.06%)

NZX TOP 50
As at: 4/08/2008 5:34pm
CODE	LAST	+/-
AIA	1.96	-0.11
AIR	1.24	-0.01
AMP	8.00	+0.20
ANZ	21.14	+0.44
APN	4.02	0.00
APT	1.07	-0.01
CAV	2.40	+0.05
CEN	8.45	-0.01
EBO	4.52	+0.02
FBU	6.28	+0.02
FPA	1.94	+0.05
FPH	2.86	+0.06
FRE	3.15	+0.05
GFF	1.72	+0.02
GMT	1.12	-0.02
GPG	1.42	+0.06
HLG	2.85	+0.01
IFT	2.17	+0.01
IMP	1.16	+0.05
ING	0.80	-0.02
KIP	1.10	-0.02
LNN	11.32	+0.24
MFT	6.89	-0.02
MHI	0.79	-0.01
MVN	1.60	+0.05
NPX	5.55	+0.10
NZO	1.65	+0.02
NZR	6.75	+0.05
NZS	1.82	+0.02
NZX	7.72	+0.07
PFI	1.15	-0.01
PGW	2.77	+0.04
POT	6.50	+0.15
PPL	1.49	+0.04
PRC	2.05	+0.06
RAK	2.55	-0.02
RYM	1.65	0.00
SAN	5.40	+0.05
SKC	3.47	+0.02
SKL	0.91	0.00
SKT	4.66	-0.03
STU	3.15	0.00
TEL	3.76	+0.09
THL	1.37	+0.01
TLS	5.82	+0.02
TPW	7.75	+0.04
TWR	2.07	-0.06
VCT	2.28	+0.03
WBC	26.85	-0.40
WHS	3.42	+0.01

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