Market Close: Positive day on markets

Wednesday 23rd July 2008

The sharemarket surged upwards today with the NZSE50 up 1.84% to end the day at 3,201 following a decline in oil prices and a positive lead from Wall St.

Today's increases saw top stock Telecom surge 2.9%, while Contact Energy and Fletcher Building each added 0.6%.

In the retail sector Hallenstein Glasson surged 7.3%, Michael Hill rose 2.6% and The Warehouse Group edged up 0.3%. Pumpkin Patch closed unchanged.

Other major gainers included Air New Zealand 7.0%, AMP 3.5%, Lion Nathan 4.2%, Port of Tauranga 3.2%, SkyCity 2.7%, Skellerup 3.7%

Banks were stronger today with ANZ up 3.6% and Westpac Banking up 6.5%.

Fisher & Paykel Healthcare also gained 4.7%, Guiness Peat Group was up 2.3%, and Infratil and PGG Wrightson increased 2.0% each.

On the flip side, Goodman Fielder fell 1.8%, ING Property Trust dipped 1.2% and New Zealand Oil & Gas dropped 1.3%.

The benchmark S&P/ASX200 index gained 99.7 points to close at 5105.3, with the four big banks all closing higher.

The Dow rose 135.16, or 1.18%, to 11,602.50 and the Standard & Poor's 500 index jumped 17, or 1.35%, to 1,277.00.

NZ Top 50	3,201.650	+57.738 (+1.84%)
ASX 200	5,105.300	+99.700 (+1.99%)
Dow	11,602.50	+135.16 (+1.18%)
Nasdaq	2,303.96	+24.43 (+1.07%)
FTSE 100	5,364.10	-40.20 (-0.74%)

NZX TOP 50
As at: 23/07/2008 5:34pm
CODE	LAST	+/-
AIA	1.81	+0.03
AIR	1.23	+0.08
AMP	8.61	+0.29
ANZ	24.20	+0.84
APN	4.17	0.00
APT	1.09	+0.01
CAV	2.15	+0.04
CEN	8.14	+0.05
EBO	4.40	0.00
FBU	6.55	+0.04
FPA	2.00	+0.03
FPH	2.46	+0.11
FRE	2.97	+0.02
GFF	1.66	-0.03
GMT	1.15	+0.02
GPG	1.36	+0.03
HLG	2.95	+0.20
IFT	2.00	+0.04
IMP	1.11	+0.02
ING	0.82	-0.01
KIP	1.15	+0.02
LNN	11.30	+0.46
MFT	6.40	0.00
MHI	0.78	+0.02
MVN	1.55	-0.03
NPX	5.35	+0.10
NZO	1.54	-0.02
NZR	6.70	-0.03
NZS	1.75	+0.03
NZX	7.00	+0.05
PFI	1.15	-0.02
PGW	2.50	+0.05
POT	6.50	+0.20
PPL	1.42	0.00
PRC	2.08	+0.02
RAK	2.59	+0.02
RYM	1.59	0.00
SAN	5.20	+0.19
SKC	3.10	+0.08
SKL	0.85	+0.03
SKT	4.45	+0.16
STU	2.60	0.00
TEL	3.50	+0.10
THL	1.34	0.00
TLS	5.68	+0.08
TPW	7.54	+0.04
TWR	2.08	+0.04
VCT	2.07	+0.02
WBC	28.00	+1.70
WHS	3.90	+0.01

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