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Market close: Positive day on the bourse

Wednesday 6th August 2008

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The sharemarket surged upwards today with the NZSE50 up 1.72% to end the day at 3,352.

Top stock Telecom was up slightly 0.3%, while the second-ranked Contact Energy gained 2.0% and Fletcher Building increased 4.1%.

It was also a positive day for retailers with Pumpkin Patch jumping 5.5% and The Warehouse Group gaining 1.5% and retailer Michel Hill rising 1.2%. In the energy sector Vector climbed 0.4% and TrustPower moved up 2.6%.

Other major gainers included AMP 5.1% , Goodman Fielder 6.6%, Goodman Property Trust 5.4%, Nuplex 2.6%, Skellerup 3.3% and Cavalier 4.2% .

Rakon had an outstanding day, rising 8.2% and Dominion Finance Holdings gained 11.1% after it resumed trading following almost a months suspension.

Bucking the trend, New Zealand Oil & Gas fell 1.3%, Plus SMS Holdings took a 16.6% dive and Xero gave back some of its previous gains dropping 11.4%.

Banks continued their run with ANZ up 4.6% and Westpac up 6.8%.

CDL Investments New Zealand remained unchanged after the residential property developer said its first-half profit fell 80% because of a slump in the property market.

Australia markets had a stella day with the benchmark S&P/ASX200 index adding 148.7 points, to close at 4969.1. BHP Billiton was one of the biggest contributors to the gain, up $1.40, or 3.9%, to $37.22.

On the back of positive data, a fall in oil prices and the Federal Reserve's decision to keep the benchmark interest rate unchanged, the Dow rose 331.62, or 2.94%, to 11,615.77. The Standard & Poor's 500 index added 35.87, or 2.87%, to 1,284.88, and the Nasdaq composite index rose 64.27, or 2.81%, to 2,349.83. at 2%.

 

NZ Top 50 3,352.342 +56.661 (+1.72%)
ASX 200 4,969.100 +148.70 (+3.08%)
Dow 11,615.77 +331.62 (+2.94%)
Nasdaq 2,349.83 +64.27 (+2.81%)
FTSE 100 5,454.50 +134.30 (+2.52%)

 

  NZX TOP 50  
As at: 6/08/2008 5:34pm
CODE
LAST
+/-

AIA
1.94 +0.02

AIR
1.27 +0.02

AMP
8.30 +0.40

ANZ
22.80 +1.00

APN
4.02 0.00

APT
1.09 +0.04

CAV
2.50 +0.10

CEN
8.53 +0.17

EBO
4.60 0.00

FBU
6.61 +0.26

FPA
1.99 +0.01

FPH
2.78 0.00

FRE
3.13 +0.04

GFF
1.79 +0.11

GMT
1.17 +0.06

GPG
1.44 +0.01

HLG
2.86 +0.01

IFT
2.22 +0.03

IMP
1.12 0.00

ING
0.80 0.00

KIP
1.11 +0.01

LNN
11.28 +0.11

MFT
6.95 +0.06

MHI
0.82 +0.01

MVN
1.62 +0.02

NPX
5.95 +0.15

NZO
1.55 -0.02

NZR
6.75 -0.05

NZS
1.83 +0.01

NZX
7.72 0.00

PFI
1.15 0.00

PGW
2.77 +0.05

POT
6.59 +0.04

PPL
1.53 +0.08

PRC
1.94 -0.03

RAK
2.77 +0.21

RYM
1.69 +0.03

SAN
5.51 +0.13

SKC
3.58 +0.09

SKL
0.95 +0.03

SKT
4.70 +0.03

STU
3.15 +0.02

TEL
3.68 +0.01

THL
1.40 +0.02

TLS
5.68 -0.02

TPW
7.90 +0.20

TWR
2.11 +0.04

VCT
2.30 +0.01

WBC
28.84 +1.84

WHS
3.45 +0.05


 



 

 



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