Sharechat Logo

Market close: Shares close lower

Friday 3rd October 2008

Text too small?

The sharemarket closed lower today with the NZSE50 down 2.51% to end the day at 3,151.

Top stock Telecom was down 2.03%, Fletcher Building dropped 5.04% and Contact Energy finished the day down 3.43%.

The retail sector was mixed,Pumpkin Patch closed down 2.26%, Hallenstein Glasson was down 1.14%, Michael Hill was unchanged and The Warehouse was down .63%.

Today's top gainers were Smiths City Group up 8%, Comvita up 5%, Tourism Holdings up 4% and Xero up 2.50%.

Losers were Genesis Research & Development down 11%, OceanaGold Corporation down 10%, APN News & Media down 8%, PGG Wrightson down 7% and L & M Petroleum down 6%.

Shares of Sealegs snapped three days of declines after the maker of amphibious boats appointed a distributor and secured its first sales in India. Today shares jumped 18%.

Shareholders in Windflow Technology, the maker of turbines used in wind farms, exercised only half the options they were entitled to as slumping world markets drove down the stock price.The Christchurch-based manufacturer raised NZ$2.6 million from the exercise of options that closed on Sept. 30, chief executive Geoff Henderson said in a statement today.

In early afternoon trade, the benchmark S&P/ASX 200 share index fell as much as 1.37%, or 74.8 points, to 4695.8.

The Dow plummeted 348.22 points, or 3.22%, to 10,482.85, while the broader S&P500 fell 46.78 points, or 4.03%, to 1,114.28.
The NASDAQ, which carries tech and more recently listed heavyweights, lost 92.68 points, or 4.48%, to 1,976.72.

NZ Top 50 3,151.539 -81.101 (-2.51%)
ASX 200 4,695.800 -65.300 (-1.37%)
Dow 10,482.85 -348.22 (-3.22%)
Nasdaq 1,976.72 -92.68 (-4.48%)
FTSE 100 4,870.34 -89.25 (-1.80%)

NZX Top 50
As at: 3/10/2008 4:25pm


AIA 2.02 -0.05
AIR 1.00 -0.02
AMP 8.50 0.00
ANZ 21.85 -1.15
APN 4.00 0.00
APT 1.12 -0.01
CAV 2.55 -0.03
CEN 7.60 -0.28
EBO 4.35 -0.15
FBU 6.82 -0.38
FPA 1.65 -0.05
FPH 3.01 -0.04
FRE 3.28 -0.07
GFF 1.70 +0.03
GMT 1.18 -0.01
GPG 1.23 -0.07
HLG 2.60 -0.03
IFT 2.03 -0.04
IMP 1.14 +0.02
ING 0.70 -0.01
KIP 1.21 -0.01
LNN 11.12 +0.02
MFT 6.38 -0.22
MHI 0.77 0.00
MVN 1.40 -0.03
NPX 6.15 -0.10
NZO 1.31 -0.02
NZR 6.30 -0.15
NZS 1.18 -0.12
NZX 6.44 -0.09
PFI 1.13 +0.01
PGW 1.73 -0.12
POT 6.90 0.00
PPL 1.30 -0.03
PRC 1.59 -0.08
RAK 2.31 -0.08
RYM 1.62 -0.06
SAN 5.60 -0.19
SKC 3.57 -0.14
SKL 0.90 -0.01
SKT 4.26 -0.14
STU 3.78 -0.02
TEL 2.88 -0.07
THL 1.30 +0.05
TLS 5.15 +0.05
TPW 8.00 0.00
TWR 1.78 -0.07
VCT 2.15 -0.01
WBC 27.35 -0.37
WHS 3.16 -0.02

 

 

 

 


 



 

 



  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:

Tourism Holdings Limited (NZX: THL) thl to acquire MaxiTRANS NZ
NZ Compare announces the acquisition of PriceMe
25th January 2022 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra lifts forecast Farmgate Milk Price range
Green Cross Health Limited (NZX: GXH) Trading update
Ebos Group Limited (NZX: EBO) Retail Offer Oversubscribed
24th January 2022 Morning Report
ArborGen Holdings Limited (NZX: ARB) Updates Market on FY22 Guidance
My Food Bag Group Limited (NZX: MFB) Q3 FY22 Trading Update
ikeGPS Group Limited (NZX: IKE) signs $0.9m deal with tier-1 electric utility