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Market close: Shares close higher

Monday 8th September 2008

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The sharemarket surged upwards today with the NZSE50 up 1.15% to end the day at 3,374.

Top stock Telecom closed unchanged today, while second-ranked Contact Energy was slightly up by 4.19%, and the third best stock Fletcher Building was up 1.85%.

In the retail sector Hallenstein Glasson and Pumpkin Patch remained unchanged, Micheal Hill was down 4.76%, and The Warehouse Group was p .3%.

Today's gainers included CER Group up 16.67%, Heritage Gold up 9%, Smiths City up nearly 7%, Delegat's Group up 4.17%, ING Property Trust up 4%.

Not doing so well were Zintel Group down 22.22%, Botry-Zen down 11.76%, L & M Petroleum down 7.69%, Rakon down 2.78%.

Banks had a stella day with ANZ up 9.15% and WBC up 5%.

PGG Wrightson closed down 2.33% after the farmers who own Silver Fern Farms agreed to a proposed merger, that will provide a NZ$220 million capital injection and combine their livestock procurement businesses.

ConocoPhillips agreed to join Origin Energy's coal-seam gas venture in Queensland, a move that may thwart BG Group's hostile takeover bid for the Australian utility.

New Zealand second-quarter housing activity fell 7.3%, the third straight decline, suggesting the economy may have been even weaker than expected.

Banks led the gains today with the benchmark S&P/ASX 200 index ending the day up 190.4 points or 3.9% at 5067.5 points.

 

NZ Top 50 3,374.404 +38.226 (+1.15%)
ASX 200 5,067.500 +190.400 (+3.90%)
Dow 11,220.96 +32.73 (+0.29%)
Nasdaq 2,255.88 -3.16 (-0.14%)
FTSE 100 5,240.70 -121.40 (-2.26%)

 

AIA 2.04 +0.02
AIR 1.15 +0.01
AMP 9.00 +0.30
ANZ 21.72 +1.82
APN 3.94 0.00
APT 1.05 0.00
CAV 3.00 0.00
CEN 8.71 +0.35
EBO 4.90 -0.05
FBU 7.69 +0.14
FPA 1.78 -0.02
FPH 3.18 -0.06
FRE 3.45 +0.05
GFF 1.80 +0.03
GMT 1.16 +0.04
GPG 1.37 0.00
HLG 3.00 0.00
IFT 2.17 -0.06
IMP 1.09 -0.01
ING 0.78 +0.03
KIP 1.14 +0.01
LNN 10.60 +0.02
MFT 7.00 0.00
MHI 0.80 -0.04
MVN 1.65 0.00
NPX 6.21 -0.05
NZO 1.57 +0.06
NZR 6.95 -0.19
NZS 1.61 +0.01
NZX 6.90 -0.02
PFI 1.15 +0.02
PGW 2.55 -0.06
POT 7.00 0.00
PPL 1.55 0.00
PRC 1.89 +0.04
RAK 2.80 -0.08
RYM 1.74 +0.04
SAN 6.10 -0.10
SKC 3.85 +0.08
SKL 1.00 0.00
SKT 4.74 0.00
STU 3.73 -0.02
TEL 3.15 0.00
THL 1.36 0.00
TLS 5.25 +0.03
TPW 8.07 +0.17
TWR 2.09 -0.01
VCT 2.27 +0.02
WBC 29.97 +1.43
WHS 3.23 +0.01

 

 


 



 

 



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