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Market close: Slight gains to start the week

Monday 4th August 2008

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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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