Sharechat Logo

Sharemarket opens slightly up on light trading

Thursday 23rd December 2010

Text too small?

The New Zealand sharemarket opened with negligible gains on very light volumes this morning.

The benchmark NZX-50 index opened at 3322.378 and rose 4.685 points, or 0.14%, to 3327.063 at 10.15am.

NZ Oil and Gas (NZX: NZO ) was up 1c to 84, dual-listed stock Westpac (NZX: WBC ) rose 21c to $30.51, Contact Energy (NZX: CEN ) gained 4c to $6.21 and Goodman Property Trust (NZX: GMT ) earned 1c to 93.

Telecom (NZX: TEL ) remained unchanged at $2.22, as was Fletcher Building (NZX: FBU ) at $7.79 and Guinness Peat Group (NZX: GPG ) at 70.

Fisher & Paykel Appliances (NZX: FPA ) lost 1c to 53, Mainfreight (NZX: MFT ) was down 2c to $7.93, Air New Zealand (NZX: AIR ) slipped 1c to $1.49 and Sky City (NZX: SKC )  shed 2c to $3.33.

The Australian stock market yesterday closed marginally higher on low trading volumes after gains by mining giant BHP Billiton offset weaker performances by the banks.

The benchmark S&P/ASX200 index was up 6.5 points, or 0.14%, at 4778.4 points, while the broader All Ordinaries index lifted 7.1 points, or 0.15%, to 4869.6 points.

US stocks edged higher on Wednesday as gains in financial stocks helped put the S&P 500 on pace for a fifth-straight winning session and lifted the benchmark index to levels not seen since before Lehman Brothers went bankrupt.

The Dow Jones industrial average gained 9.27 points, or 0.08%, to 11,542.43. The Standard & Poor's 500 Index gained 2.52 points, or 0.20%, to 1,257.12. The Nasdaq Composite Index gained 1.63 points, or 0.06%, to 2,669.24.

European stocks inched higher on Wednesday in holiday-thinned trade, extending a sharp December rally.

The FTSEurofirst 300 index of top European shares closed 0.2% higher at 1,147.61 points. The index has risen 7.6% in December, on track to post its best monthly performance since July 2009.

Trading was muted, however, with volume on the FTSEurofirst 300 only 65% of the index's 90-day average daily.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Synlait Special Shareholders' Meeting Poll Results
SML receives update on a2MC voting intention
PHL - Opening of Share Purchase Plan offer
ATM - Synlait Special Shareholders' Meeting - a2MC voting update
APL - AGM Date and Director Nominations
COOKS COFFEE COMPANY ANNOUNCES NEW UK BASED BOARD MEMBERS
July 11th Morning Report
PEB - Cxbladder Test Volumes Steady in Q1 25
THL - Resignation of Director update
NPH - Third Quarter 2024 Trade Volumes