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Market close: Markets close higher on overseas lead

Wednesday 30th July 2008

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The sharemarket surged upwards today with the NZSE50 up 1.62% to end the day at 3,288, taking the lead from offshore markets.

Among the top stocks, Telecom jumped 2.5%, after announcing that it was looking at moving more of its call centre functions to the Philippines.

Contact Energy advanced 1.8% and Fletcher Building gained 2.4%.

In the retail space, Pumpkin Patch blazed ahead 4.1%, Hallenstein Glasson added 1.4% while The Warehouse Group dipped 1.6% and Michael Hill closed flat.

A positive day among other shares, with Fisher & Paykel Healthcare soaring 5.0%, Auckland International Airport surged 3.2%, Freightways gained 6.0%, Nuplex advanced 2.8% and Steel & Tube Holdings rose 1.8%. Sky City slipped 0.3%.

Abano Healthcare gained 2.42% after announcing a 56% gain in full-year profit on acquisitions and revenue from its health clinics. Richina Pacific shares dropped over 4% upon announcing it has dropped plans to pay a 1.5 cents-a-share dividend, citing a potential acquisition and the global economic dowturn.

The banks clawed back some ground, with ANZ Bank advancing 2.7% and Westpac surging 3.6%.

The benchmark S&P/ASX200 index rose 89.3 points, or 1.84%, to 4936.7, following a rally from the US overnight and an upbeat financial sector.

The Dow Jones Industrial Average jumped 266.48 points, or 2.39%, to 11,397.56 and the Standard & Poor's 500 broad-market index added 28.83 points to 1,263.20.
The tech-heavy Nasdaq composite advanced 55.41 points to 2,319.62.

NZ Top 50 3,287.758 +52.256 (+1.62%)
ASX 200 4,936.700 +89.300 (+1.84%)
Dow 11,397.56 +266.48 (+2.39%)
Nasdaq 2,319.62 +55.40 (+2.45%)
FTSE 100 5,319.20 +6.60 (+0.12%)

 

  NZX TOP 50  
As at: 30/07/2008 5:34pm
CODE
LAST
+/-

AIA
1.94 +0.06

AIR
1.27 +0.04

AMP
8.43 +0.08

ANZ
20.70 +0.55

APN
4.20 0.00

APT
1.09 -0.02

CAV
2.35 0.00

CEN
8.35 +0.15

EBO
4.50 -0.02

FBU
6.40 +0.15

FPA
1.94 -0.01

FPH
2.73 +0.13

FRE
3.18 +0.18

GFF
1.72 +0.04

GMT
1.17 +0.04

GPG
1.35 +0.02

HLG
2.84 +0.04

IFT
2.22 -0.02

IMP
1.11 0.00

ING
0.82 0.00

KIP
1.12 -0.01

LNN
11.12 +0.19

MFT
6.73 +0.23

MHI
0.80 0.00

MVN
1.60 0.00

NPX
5.50 +0.15

NZO
1.53 0.00

NZR
6.70 +0.10

NZS
1.78 -0.02

NZX
7.50 0.00

PFI
1.16 -0.03

PGW
2.65 +0.01

POT
6.55 +0.05

PPL
1.51 +0.06

PRC
1.97 0.00

RAK
2.65 -0.03

RYM
1.63 0.00

SAN
5.35 +0.02

SKC
3.36 -0.01

SKL
0.88 +0.02

SKT
4.50 -0.05

STU
2.90 +0.05

TEL
3.68 +0.09

THL
1.40 -0.08

TLS
5.76 +0.11

TPW
7.85 +0.15

TWR
2.17 +0.04

VCT
2.17 +0.04

WBC
26.80 +0.93

WHS
3.82 -0.06





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