Sharechat Logo

Market close: Shares close higher

Monday 8th September 2008

Text too small?

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

 

 


 



 

 



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report