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Market close: Shares close lower

Monday 15th September 2008

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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%)
Dow 11,421.99 -11.72 (-0.10%)
Nasdaq 2,261.27 +3.05 (+0.14%)
FTSE 100 5,416.70 +98.30 (+1.85%)

 

AIA 2.00 -0.03
AIR 1.08 -0.01
AMP 9.15 +0.09
ANZ 20.34 -0.50
APN 3.99 0.00
APT 1.09 +0.01
CAV 2.96 -0.13
CEN 8.90 -0.11
EBO 4.75 -0.07
FBU 7.36 -0.29
FPA 1.77 -0.04
FPH 3.16 -0.06
FRE 3.35 -0.16
GFF 1.75 -0.04
GMT 1.18 +0.02
GPG 1.27 -0.04
HLG 2.96 -0.04
IFT 2.15 -0.03
IMP 1.14 0.00
ING 0.73 -0.02
KIP 1.18 +0.02
LNN 10.90 -0.10
MFT 7.05 0.00
MHI 0.86 -0.04
MVN 1.66 -0.02
NPX 6.39 -0.01
NZO 1.52 -0.01
NZR 6.66 +0.02
NZS 1.50 -0.02
NZX 6.84 -0.02
PFI 1.16 0.00
PGW 2.45 -0.03
POT 6.90 -0.08
PPL 1.52 +0.01
PRC 1.75 +0.01
RAK 2.75 -0.03
RYM 1.92 +0.02
SAN 5.85 -0.07
SKC 3.65 +0.03
SKL 0.99 +0.01
SKT 4.57 -0.01
STU 3.51 -0.18
TEL 2.93 -0.04
THL 1.40 +0.05
TLS 5.18 0.00
TPW 8.25 0.00
TWR 2.10 -0.07
VCT 2.23 -0.03
WBC 28.13 -0.39
WHS 3.30 +0.02


 


 



 

 



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