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Market close: Shares fall just slightly

Tuesday 26th August 2008

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The sharemarket fell slightly today with the NZSE50 down -0.18% to end the day at 3,321.

Top stock Telecom fell 1.8%, but third-ranked Fletcher Building edged up 0.1%.

Second-ranked Contact Energy gained 1.1%, after announcing annual profit fell 1% as constraints on the Cook Strait cable and low hydro-lake levels forced it to buy electricity at higher prices to supply South Island customers. Profit fell to NZ$237 million in the 12 months ended June 30 from NZ$239.6 million a year earlier, but Operating revenue rose 38% to NZ$2.76 billion.

In the retail sector, The Warehouse Group showed some glimmer of hope advancing 0.9%. However, Hallenstein Glasson dipped 1.8%, Michael Hill lost 1.1%, and Pumpkin Patch plunged 3.7%.

Other major losers included Plus SMS Holdings dropping 16.67% more than reversing yesterday's gains. Skellerup was up 7.2%, Rakon 3.3%, NZX 2.0% and Goodman Fielder 4.0%.

Among other top gainers, Dominion Finance gained 20%, AMP was up 1.7%, ANZ increased 2.4%, and Guinness Peat Group added 2.8%.

New Zealand Oil & Gas gained 2.7%, L & M Petroleum was up 13.33% and Heritage Gold was up 4%.

Air New Zealand was down 1.64%, after posting a 24% drop in profit as fuel costs surged and demand for travel waned.

The benchmark S&P/ASX200 index ended the day down 7.4 points, or 0.2%, to 5007.5, after trading as much as 2.4% lower during the morning.

The Dow Jones Industrial Average sank 241.81 points, or 2.08 %, to 11,386.25 and the Nasdaq dropped 49.12 points, or 2.03%, to 2,365.59.
The Standard & Poor's 500 broad-market index shed 25.36 points, or 1.96%, to 1,266.84.

NZ Top 50 3,321.004 -5.913 (-0.18%)
ASX 200 5,007.500 -7.400 (-0.15%)
Dow 11,386.25 -241.81 (-2.08%)
Nasdaq ,365.59 -49.12 (-2.03%)
FTSE 100 5,505.60 +135.40 (+2.52%)

 

AIA 2.01 0.00
AIR 1.20 -0.02
AMP 8.03 +0.13
ANZ 19.99 +0.47
APN 3.86 0.00
APT 1.05 0.00
CAV 2.72 +0.02
CEN 8.40 +0.09
EBO 4.95 0.00
FBU 7.32 +0.01
FPA 1.80 0.00
FPH 2.98 0.00
FRE 3.38 +0.03
GFF 1.69 -0.07
GMT 1.16 +0.01
GPG 1.48 +0.04
HLG 2.80 -0.05
IFT 2.16 0.00
IMP 1.09 -0.01
ING 0.77 +0.01
KIP 1.12 +0.01
LNN 11.05 0.00
MFT 7.18 -0.02
MHI 0.93 -0.01
MVN 1.69 0.00
NPX 6.25 0.00
NZO 1.54 +0.04
NZR 7.05 -0.05
NZS 1.59 -0.01
NZX 7.43 -0.15
PFI 1.17 +0.01
PGW 2.75 -0.03
POT 7.21 +0.01
PPL 1.55 -0.06
PRC 1.80 0.00
RAK 2.93 -0.10
RYM 1.77 -0.01
SAN 5.92 +0.01
SKC 3.41 -0.01
SKL 0.90 -0.07
SKT 4.73 -0.07
STU 3.26 +0.01
TEL 3.30 -0.06
THL 1.45 0.00
TLS 5.30 -0.10
TPW 7.85 0.00
TWR 2.23 -0.04
VCT 2.30 -0.02
WBC 27.90 -0.05
WHS 3.38 +0.03

 


 



 

 



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