Friday 15th April 2011 |
Text too small? |
Fletcher Building shares regained some of the ground they lost in recent days, as the New Zealand sharemarket rose in early trade.
Around 10.15am the benchmark NZX-50 index was up 2.2 points to 3456.68, having slipped 3.1 points yesterday.
Fletcher Building (NZX: FBU ) lifted 6c early, but within a short time of the market open the gain eased to 4c, taking the share price to $9.23. The company's stock price has fallen back from a three-year high of $9.53 early this week.
OceanaGold (NZX: OGC ) shares were up 6c to $3.76, and The Warehouse (NZX: WHS ) gained 3c to $3.50, while Sky TV (NZX: SKC ) fell 7c to $5.76, Mainfreight (NZX: MFT ) dropped 3c to $9.30, Freightways (NZX: FRE ) was down 2c to $3.32, and Ryman Healthcare (NZX: RYM ) dropped 2c to $2.48.
In the US, concerns about faltering growth and inflation prompted investors to seek out less volatile companies, with Coca-Cola Co up 1.5%, Kraft Foods up 1.7% and Merck & Co up 1.2%.
Energy shares rallied as US crude oil futures gained more than 1% to trade above US$108 a barrel.
The Dow Jones industrial average rose 0.1% to end at 12,285.15, the Standard & Poor's 500 gained 0.01% to 1314.52, and the Nasdaq Composite dropped 0.1% to 2760.22.
NZPA
No comments yet
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director
CHI - New customer contract to upgrade Marsden Point
Synlait announces changes to Board of Directors
May 1st Morning Report
Devon Funds Morning Note - 30 April 2024