Market close: Shares close higher

Wednesday 17th September 2008

The sharemarket surged upwards today with the NZSE50 up 1.32% to end the day at 3,269.

The top three enjoyed a positive day with top stock Telecom rising 0.4%, Contact Energy increasing 0.7%, and Fletcher Building jumping 2.8%.

The retail sector wasn't quite so flash, with Michael Hill plunging 4.9%, Hallenstein Glassons lost 2.5%, and The Warehouse Group dropped 1.5%.

Pumpkin Patch, the children's clothing chain that has grown to 227 stores, posted a 27.5% drop in full-year profit on losses in the US and UK. The company lowered its final dividend. Shares in Pumpkin Patch fell 2.7% today.

Major gainers included BLIS Technologies up 11.11%, Kingfish up 5.15%, Air New Zealand up 4.81%, Restaurant Brands up 4.69%, Fisher & Paykel Healthcare up 4.55%, Freightways up 4.29%. Sky City increased 3.6%, and Sky Network Television was also up 2.7%.

Losers today included Richina Pacific down 9.09%, OceanaGold Corporation down 6.25%, Solution Dynamics down 4.76%, Skellerup Holdings down 4.04% and Mowbray Collectables down 3.85%.

The benchmark S&P/ASX200 index fell 28.6 points, or 0.6%, to 4722.2, while the broader All Ordinaries index was down 30.1 points, or 0.63%, to 4769.7.

The Dow Jones Industrial Average rallied 141.51 points, or 1.30%, to 11,059.02.
The tech-heavy Nasdaq composite climbed 27.99 points, or 1.28%, to 2,207.90 while the broad-market Standard & Poor's 500 index added 20.90 points, 1.75%, to close of 1,213.60.

NZ Top 50	3,269.930	+42.626 (+1.32%)
ASX 200	4,722.200	-28.600 (-0.60%)
Dow	11,059.02	+141.51 (+1.30%)
Nasdaq	2,207.90	+27.99 (+1.28%)
FTSE 100	5,083.40	-120.80 (-2.32%)

AIA	2.02	+0.02
AIR	1.04	-0.04
AMP	8.21	-0.94
ANZ	19.60	-0.74
APN	3.99	0.00
APT	1.07	-0.02
CAV	2.80	-0.16
CEN	8.70	-0.20
EBO	4.60	-0.15
FBU	7.07	-0.29
FPA	1.72	-0.05
FPH	3.08	-0.08
FRE	3.26	-0.09
GFF	1.72	-0.03
GMT	1.18	0.00
GPG	1.23	-0.04
HLG	2.86	-0.10
IFT	2.08	-0.07
IMP	1.15	+0.01
ING	0.70	-0.03
KIP	1.17	-0.01
LNN	10.90	0.00
MFT	6.90	-0.15
MHI	0.82	-0.04
MVN	1.63	-0.03
NPX	6.21	-0.18
NZO	1.45	-0.07
NZR	6.60	-0.06
NZS	1.47	-0.03
NZX	6.74	-0.10
PFI	1.16	0.00
PGW	2.25	-0.20
POT	6.75	-0.15
PPL	1.49	-0.03
PRC	1.63	-0.12
RAK	2.68	-0.07
RYM	1.78	-0.14
SAN	5.60	-0.25
SKC	3.57	-0.08
SKL	0.99	0.00
SKT	4.50	-0.07
STU	3.38	-0.13
TEL	2.80	-0.13
THL	1.30	-0.10
TLS	5.04	-0.14
TPW	8.20	-0.05
TWR	1.98	-0.12
VCT	2.19	-0.04
WBC	27.45	-0.68
WHS	3.25	-0.05

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