Friday 5th September 2008
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The sharemarket fell slightly today with the NZSE50 down -0.35% to end the day at 3,336.
Top stock Telecom rose 1.0% after deferring its dividend reinvestment plan while it considers whether to accelerate investments on faster broadband services.
Second-ranked Contact Energy was slightly up by 0.1%, while the third best
stock Fletcher Building gave back 0.7%.
In the retail sector Hallenstein Glasson was up 0.3%, but Pumpkin Patch lost 1.9%, Michel Hill declined 6.7%, and The Warehouse Group lost 2.7%.
Today's gainers included Plus SMS Holdings up 52.63%, BLIS Technologies up 17.65%, ProvencoCadmus up 5.56%.
Other major losers included Finzsoft Solutions down 15%, APN News & Media 8.4%, Freightways 2.9%, ING Property Trust 2.6%, and Pike River Coal 3.7%.
Banks were also down today, ANZ dropping 3.4% and Westpac lost 2.8%.
Briscoe Group, owner of the homeware Living & Giving, Urban Loft and Rebel sports outlets, remained unchanged today after it reported a 71% slump in first-half profit as retailers cut prices to woo consumers, eroding their margins.
The benchmark S&P/ASX200 index closed 2.06%, or 102.4 points, lower at 4877.1.
On Wednesday, the Dow and the broader S&P 500 indexes tumbled 3.0% each and the tech-heavy Nasdaq plunged 3.2%.
|NZ Top 50||3,336.178||-11.963 (-0.36%)|
|ASX 200||4,877.100||-102.400 (-2.06%)|
|FTSE 100||5,362.10||-137.60 (-2.50%)|
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