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Market close: Shares close lower

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%)
Dow 11,188.23 -344.65 (-2.99%)
Nasdaq 2,259.04 -74.69 (-3.20%)
FTSE 100 5,362.10 -137.60 (-2.50%)

 

AIA 2.02 -0.01
AIR 1.14 -0.02
AMP 8.70 0.00
ANZ 19.90 -0.70
APN 3.94 -0.36
APT 1.05 +0.01
CAV 3.00 0.00
CEN 8.36 +0.01
EBO 4.95 +0.07
FBU 7.55 -0.05
FPA 1.80 -0.02
FPH 3.24 0.00
FRE 3.40 -0.10
GFF 1.77 -0.03
GMT 1.12 +0.01
GPG 1.37 -0.01
HLG 3.00 +0.01
IFT 2.23 -0.03
IMP 1.10 -0.01
ING 0.75 -0.02
KIP 1.13 +0.01
LNN 10.58 -0.12
MFT 7.00 -0.05
MHI 0.84 -0.06
MVN 1.65 0.00
NPX 6.26 -0.14
NZO 1.51 -0.01
NZR 7.14 -0.24
NZS 1.60 +0.09
NZX 6.92 -0.05
PFI 1.13 0.00
PGW 2.72 0.00
POT 7.00 +0.05
PPL 1.55 -0.03
PRC 1.85 -0.07
RAK 2.88 -0.02
RYM 1.70 +0.02
SAN 6.20 +0.10
SKC 3.77 +0.06
SKL 1.00 -0.01
SKT 4.81 -0.02
STU 3.75 -0.05
TEL 3.15 +0.03
THL 1.36 -0.04
TLS 5.22 -0.15
TPW 7.90 -0.10
TWR 2.10 -0.02
VCT 2.25 -0.01
WBC 28.54 -0.81
WHS 3.22 -0.09

 

 


 



 

 



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