Thursday 21st August 2008
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The sharemarket remained virtually unchanged today with the NZSE50 up just 0.03 points to end the day at 3,332.
Top stock Telecom slipped 0.3%, while Contact Energy closed unchanged and Fletcher Building gained 1.9%.
Among retailers, Michael Hill rose 1.1% and The Warehouse Group advanced 1.2%. Hallenstein Glasson lost 0.4% and Pumpkin Patch closed unchanged.
Stocks on the rise included Botry-Zen up 33.33%, Postie Plus Group was up 5.41%, Pyne Gould Corporation 4.41%, Wellington Drive Technologies 2.94%. Auckland International Airport was up 1.5%, AMP NZ Office Trust, Port of Tauranga and Ebos Group 1.0% each,
Losers today included Viking Capital down 30%, L & M Petroleum 12.50%, ProvencoCadmus 5.26%, Tag Pacific 4.76% and Rakon fell 1.3%. SkyCity lost 1.7%, Guinness Peat Group plunged 2.0%, Freightways dropped 1.5%, Fisher & Paykel Healthcare shed 1.4%
Banks were down with ANZ losing 2.28% and WBC down 1.33%.
The nation's only oil refinery, New Zealand Refining Co, jumped 2.6% after it posted a 9.8% drop in first half profit as it was forced to pay more for electricity.
Mainfreight Group, was unchanged today after announcing a 41% gain in quarterly earnings as it won market share in New Zealand and benefited from growth in the US market.
The benchmark S&P/ASX200 index was down 54.3 points, or 1.1%, to 4875.2, while the broader All Ordinaries lost 47.9 points, or 0.96%, to 4949.6.
US stocks had a moderate gain overnight with the Dow Jones industrial average
rising 68.88 points, or 0.61%, to 11,417.43.
The Standard & Poor's 500 index rose 7.85, or 0.62%, to 1,274.54, while the Nasdaq composite index rose 4.72, or 0.20%, to 2,389.08.
|NZ Top 50||3,332.055||+0.030 (0.00%)|
|ASX 200||4,875.200||-54.300 (-1.10%)|
|FTSE 100||5,371.80||+51.40 (+0.97%)|
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