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Market Close: Market takes positive lead from Wall St

Friday 18th July 2008

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Taking the lead from a positive day on Wall Street and another fall in oil prices, the sharemarket rose slightly today with the NZSE50 up 0.96% to end the day at 3,120

Top stock Telecom gained 0.9%, the second- ranked Contact Energy advanced 1.9% and Fletcher Building, the third best stock, rose 1.3%.

The retail sector closed mixed. Hallenstein Glasson and Pumpkin Patch dipped 0.7% each and The Warehouse Group lost 0.8%, while Michael Hill jumped 6.7%.

Other major gainers included APN News & Media 6.9%, Air New Zealand 2.7%, AMP 2.9%, Ebos Group 2.3%, Goodman Fielder 2.4% and Steel & Tube Holdings 4.7%.

Rakon plunged 3.7%, Pike River Coal plummeted 3.8% and New Zealand Oil & Gas fell 2.4% on continued decline in crude oil prices.

Australia fared worse off, with the benchmark S&P/ASX200 index down 60.6 points to 4840.4, bringing this week's losses to nearly 3%.

The Dow closed up 207.38 points or 1.9% at 11,446.66, the Nasdaq closed up 27.45 points or 1.2% at 2,312.30 and the S&P 500 closed up 14.95 points or 1.2% at 1,260.31. Oil plunged for the third straight session on Thursday and closed below $130 a barrel for the first time in six weeks.

NZ Top 50 3,120.910 +29.528 (+0.96%)
ASX 200 4,840.400 -60.600 (-1.24%)
Dow 11,446.66 +207.38 (+1.85%)
Nasdaq 2,312.30 +27.45 (+1.20%)
FTSE 100 5,286.30 +135.70 (+2.63%)

 

  NZX TOP 50  
As at: 18/07/2008 5:34pm
CODE
LAST
+/-

AIA
1.80 0.00

AIR
1.14 +0.03

AMP
8.50 +0.24

ANZ
23.14 -0.11

APN
4.17 +0.27

APT
1.07 0.00

CAV
2.15 0.00

CEN
7.62 +0.14

EBO
4.40 +0.10

FBU
6.46 +0.08

FPA
1.95 +0.01

FPH
2.26 +0.01

FRE
2.94 -0.01

GFF
1.68 +0.04

GMT
1.15 0.00

GPG
1.31 +0.01

HLG
2.68 -0.02

IFT
1.94 +0.02

IMP
1.10 0.00

ING
0.84 0.00

KIP
1.13 +0.02

LNN
10.66 +0.16

MFT
6.40 0.00

MHI
0.80 +0.05

MVN
1.57 +0.01

NPX
5.22 +0.05

NZO
1.62 -0.04

NZR
6.70 +0.05

NZS
1.75 +0.01

NZX
6.70 0.00

PFI
1.16 0.00

PGW
2.46 +0.05

POT
6.40 +0.10

PPL
1.42 -0.01

PRC
2.05 -0.08

RAK
2.60 -0.10

RYM
1.58 +0.02

SAN
5.16 +0.01

SKC
2.96 0.00

SKL
0.82 0.00

SKT
4.28 +0.05

STU
2.65 +0.12

TEL
3.46 +0.03

THL
1.33 +0.03

TLS
5.43 +0.05

TPW
7.60 0.00

TWR
2.05 +0.03

VCT
2.02 -0.01

WBC
26.00 +0.45

WHS
3.84 -0.03

 



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