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Market Close: Contact Energy pushes market higher

Monday 21st July 2008

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The sharemarket rose slightly today with the NZSE50 up 0.88% to end the day at 3,148.

Top stock Telecom slipped 0.3%, but Contact Energy surged 5.8%. Contact Energy, whose Australian parent is the subject of a hostile takeover offer, is investigating the development of the $500 million Waitahora Wind Farm Project.

The retail space was mixed, with Hallenstein Glasson increasing 1.9% and The Warehouse Group jumping 1.0%, Michael Hill losing 1.3% and Pumpkin Patch dropping 0.7%.

Steel & Tube climbed 2.61%, Pike River Coal gave away 2.4%, New Zealand Oil & Gas dipped 4.9%.

The benchmark S&P/ASX 200 index rose 171.4 points to 5011.8, as financial companies gained on easing concerns about the US financial sector.

The Dow closed up 49.91 points or 0.4% at 11,496.57 and the S&P 500 closed up 0.36 points or less than a tenth of a percent at 1,260.68, while the Nasdaq closed down 29.52 points or 1.3% at 2,282.78.

NZ Top 50 3,148.322 +27.412 (+0.88%)
ASX 200 5,011.800 +171.400 (+3.54%)
Dow 11,496.57 +49.91 (+0.44%)
Nasdaq 2,282.78 -29.52 (-1.28%)
FTSE 100 5,348.50 -27.90 (-0.52%)

 

  NZX TOP 50  
As at: 21/07/2008 5:34pm
CODE
LAST
+/-

AIA
1.79 -0.01

AIR
1.15 +0.01

AMP
8.32 -0.18

ANZ
24.05 +0.91

APN
4.17 0.00

APT
1.08 +0.01

CAV
2.11 -0.04

CEN
8.06 +0.44

EBO
4.40 0.00

FBU
6.51 +0.05

FPA
1.96 +0.01

FPH
2.29 +0.03

FRE
2.93 -0.01

GFF
1.75 +0.07

GMT
1.13 -0.02

GPG
1.34 +0.03

HLG
2.73 +0.05

IFT
1.95 +0.01

IMP
1.10 0.00

ING
0.82 -0.02

KIP
1.13 0.00

LNN
11.02 +0.36

MFT
6.42 +0.12

MHI
0.79 -0.01

MVN
1.55 -0.02

NPX
5.18 -0.04

NZO
1.54 -0.08

NZR
6.70 0.00

NZS
1.71 -0.04

NZX
6.70 0.00

PFI
1.14 -0.02

PGW
2.45 -0.01

POT
6.27 -0.13

PPL
1.41 -0.01

PRC
2.00 -0.05

RAK
2.63 +0.03

RYM
1.61 +0.03

SAN
5.01 -0.15

SKC
2.92 -0.04

SKL
0.82 0.00

SKT
4.29 +0.01

STU
2.72 +0.07

TEL
3.45 -0.01

THL
1.33 0.00

TLS
5.52 +0.09

TPW
7.54 -0.06

TWR
2.05 0.00

VCT
2.04 +0.02

WBC
26.75 +0.75

WHS
3.88 +0.04

 



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