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Market close: Shares close over 2% lower

Tuesday 16th September 2008

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The sharemarket plunged today with the NZSE50 down -2.79% to end the day at 3,227.

Top stock Telecom lost 4.4%, Contact Energy dropped 2.3%, and Fletcher Building retraced 3.9%.

In the retail sector, Michael Hill dropped 4.7%, Hallenstein Glasson lost 3.4%, Pumpkin Patch dipped 2.0% and The Warehouse Group was down 1.5%.

Among the losers were Heritage Gold down 11.54%, Postie Plus Group down 10.71%, AMP down 10.27%, Turners Auctions down 10.26% and Renaissance Corporation down 8.93%.

The financial sector was weaker today with ANZ dropping 3.6%, and Westpac down 2.4%.

Gains today included Mowbray Collectables up 44%, Dominion Finance up 20%, L & M Petroleum up 10.5%, Auckland International Airport up 1.0% and ING Medical Properties Trust gained 0.88%.

Plus SMS Holdings, whose CRE8 subsidiary provides mobile entertainment and connectivity services, said chief executive Chris Tiensch and chief financial officer Les Coates resigned. The shares fell 47% today.

Restaurant Brands NZ, which holds the local franchise for KFC, Pizza Hut and Starbucks, declined 1.54% after saying it lifted sales at its chicken outlets by 4.4% after sprucing up the stores and widening the menu.

At the close, the benchmark S&P/ASX200 was 66.9 points, or 1.39%, lower at 4750.8

The blue-chip Dow Jones Industrial Average tumbled below 11,000 with a loss of 504.48 points, or 4.42%, to 10,917.51. The Nasdaq composite plummeted 81.36 points, 3.60%, to 2,179.91 and the broad-market Standard & Poor's 500 index lost 59 points, or 4.71%, to 1,192.70.

NZ Top 50 3,227.304 -92.598 (-2.79%)
ASX 200 4,750.800 -66.900 (-1.39%)
Dow 10,917.51 -504.48 (-4.42%)
Nasdaq 2,179.91 -81.36 (-3.60%)
FTSE 100 5,204.20 -212.50 (-3.92%)

 

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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