Monday 15th September 2008
|Text too small?|
The sharemarket dropped sharply today with the NZSE50 down -1.24% to end the day at 3,319.
The top three didn't fare so well today, with top stock Telecom falling 1.4%, Contact Energy lost 1.2% and Fletcher Building dropped 3.8%.
Contact Energy today gained resource consent for its 220 megawatt Te Mihi geothermal power station after the approvals process was fast-tracked by the government.
The retail sector was mixed, The Warehouse Group advanced 0.6% and Pumpkin Patch added 0.7%. But Michael Hill lost 4.4% and Hallenstein Glasson fell 1.3%.
Other major losers included Widespread Portfolios down 25%, Dorchester Pacific 20%, OceanaGold Corporation 14.75%, Wellington Drive Technologies 6.25%, Steel & Tube Holdings down 4.88%, Fisher & Paykel Appliances 2.2%, Guinness Peat Group 3.1%, and SkyCity Entertainment 2.1%.
Bucking the trend were Tourism Holdings up 3.7%, Sealegs Corporation up 2.63%, Burger Fuel Worldwide up 2.22%, Goodman Property Trust and Kiwi Income Property Trust both up 1.72%.
L&M Petroleum, the exploration company seeking to tap global demand for coal-seam gas, reached coal in its Goodwin-1 well, with initial tests positive for gas. L & M Petroleum closed down 4.52%.
At the close, the benchmark S&P/ASX200 index was 86.1 points, or 1.76%, lower at 4817.7, while the broader All Ordinaries lost 82.1 points, or 1.66%, to 4875.
Dow Jones Industrial Average ended with a modest decline of 11.72 points, or
0.10%, at 11,421.99.
The tech-heavy Nasdaq rose 3.05 points, or 0.14%, to 2,261.27 while the broad-market Standard & Poor's 500 index managed a gain of 2.65 points, or 0.21%, to 1,251.70.
|NZ Top 50||3,319.902||-41.786 (-1.24%)|
|ASX 200||4,817.700||-86.100 (-1.76%)|
|FTSE 100||5,416.70||+98.30 (+1.85%)|
No comments yet
Contact Energy Limited (NZX: CEN) Considers Green Capital Bond Offer
Tourism Holdings Limited (NZX: THL) Sells Mighway and SHAREaCAMPER to Camplify
26th October 2021 Morning Report
Harmoney Corp Limited (NZX: HMY) Prices $105m Inaugural ABS Transaction
New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report
Pictor ready to roll out game-changing COVID antibody test in New Zealand
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report