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Tuesday 15th July 2008 |
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The sharemarket closed sharply lower today, extending yesterday's 1.35% decline, with the NZSE50 down -1.29% (-39.65 points) to end the day at 3,040
Top stock Telecom dipped 0.3%, while Contact Energy plummeted 3.5% and Fletcher Building plunged 3.2%.
The retailers were mixed, with The Warehouse Group rising 1.0%, Hallenstein Glasson adding 0.8%, Michael Hill losing 1.3% and Pumpkin Patch plunging 2.1%.
Banks were lower on lingering worries about the financial sector, ANZ was down 2.5% and WBC dropped nearly 3%.
Other major losers included Auckland Airport 2.6%, Goodman Fielder 3.5%, ING Property Trust 2.4%, New Zealand Exchange 2.1%. PGG Wrightson 2.0%, Pike River Coal 2.8% and Rakon 4.7%.
At the close, the benchmark S&P/ASX200 index was 105.3 points, or 2.1% lower at 4815.7, its lowest close in nearly 2.5 years. The decline equated to another more than $20 billion being wiped off the market's value and brought the losses in this year to 24%. The broader All Ordinaries dropped 97.8 points, or 2%, to 4910.1.
The blue-chip Dow Jones Industrial Average dragged down by financial stocks, fell 45.35 points, or 0.41%, to 11,055.19 and the Standard & Poor's 500 index declined 11.19 points to 1,228.30. The Nasdaq composite index shed 26.21 points to 2,212.87.
| NZ Top 50 | 3,040.453 | -39.650 (-1.29%) |
| ASX 200 | 4,815.700 | -105.300 (-2.14%) |
| Dow | 11,055.19 | -45.35 (-0.41%) |
| Nasdaq | 2,212.87 | -26.21 (-1.17%) |
| FTSE 100 | 5,300.40 | +38.80 (+0.74%) |
| NZX TOP 50 |
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As at:
15/07/2008 5:34pm
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| CODE |
LAST |
+/- |
 |
| AIA | 1.85 | -0.05 |
 |
| AIR | 1.09 | +0.01 |
 |
| AMP | 7.83 | -0.44 |
|
| ANZ | 21.85 | -0.56 |
|
| APN | 3.90 | 0.00 |
 |
| APT | 1.05 | 0.00 |
|
| CAV | 2.18 | +0.03 |
|
| CEN | 7.14 | -0.26 |
|
| EBO | 4.25 | +0.05 |
|
| FBU | 6.05 | -0.20 |
|
| FPA | 1.95 | 0.00 |
|
| FPH | 2.27 | -0.03 |
|
| FRE | 3.00 | +0.04 |
|
| GFF | 1.67 | -0.06 |
|
| GMT | 1.08 | +0.01 |
|
| GPG | 1.30 | -0.01 |
|
| HLG | 2.65 | +0.02 |
|
| IFT | 1.93 | +0.01 |
|
| IMP | 1.11 | 0.00 |
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| ING | 0.83 | -0.02 |
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| KIP | 1.11 | 0.00 |
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| LNN | 10.62 | -0.04 |
|
| MFT | 6.33 | +0.01 |
|
| MHI | 0.75 | -0.01 |
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| MVN | 1.56 | -0.03 |
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| NPX | 5.12 | -0.05 |
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| NZO | 1.79 | -0.01 |
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| NZR | 6.53 | +0.02 |
|
| NZS | 1.82 | 0.00 |
|
| NZX | 6.95 | -0.15 |
|
| PFI | 1.15 | +0.01 |
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| PGW | 2.50 | -0.05 |
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| POT | 6.30 | 0.00 |
|
| PPL | 1.40 | -0.03 |
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| PRC | 2.10 | -0.06 |
|
| RAK | 2.65 | -0.13 |
|
| RYM | 1.63 | +0.02 |
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| SAN | 5.13 | 0.00 |
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| SKC | 2.96 | -0.06 |
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| SKL | 0.84 | 0.00 |
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| SKT | 4.17 | +0.02 |
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| STU | 2.63 | 0.00 |
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| TEL | 3.31 | -0.01 |
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| THL | 1.40 | 0.00 |
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| TLS | 5.50 | -0.13 |
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| TPW | 7.65 | -0.02 |
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| TWR | 1.95 | -0.01 |
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| VCT | 1.99 | 0.00 |
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| WBC | 23.67 | -0.73 |
|
| WHS | 3.90 | +0.04 |
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