Tuesday 12th August 2008
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The sharemarket fell slightly today with the NZSE50 down -0.49% to end the day at 3,354.
The day wasn't so flash for the top three, Telecom fell 0.9%, following a 1.2%
loss on Monday. Fletcher Building lost 2.1% and Contact Energy dropped 1.6%.
In the retail space, Hallenstein Glasson dipped 0.4%, but The Warehouse Group increased 1.7%. Pumpkin Patch and Michael Hill closed unchanged.
Among major gainers, OceanaGold Corporation added 6.94%, Skellerup soared 4.3%, Vector and Tourism Holdings surged 3.6% each, Sky Network Television jumped 3.0%, and Cavalier gained 3.2%.
Other major losers included BLIS Technologies who dropped 18.46%, Dorchester
Pacific decreased 11.11%, Plus SMS Holdings dipped 8.33%, Fisher & Paykel
Appliances 1.9%, Fisher & Paykel Healthcare 2.0%, Freightways 1.9%, New
Zealand Oil & Gas 2.0%, Pike River Coal 2.2% and SkyCity 2.1%.
APN News & Media, was up 1.49% today afer reporting its first-half profit fell 0.7% as a weakening New Zealand economy spurred advertisers to cut spending.
According to the Real Estate Institute, the median house price in Auckland fell to NZ$421,000 from NZ$435,000 in June. Property sales tumbled 42% from July 2007, to a “dismal” 1,411, the institute said in a statement.
In Australia, the benchmark S&P/ASX200 closed 27.5 points, or 0.6%, higher at 5053.6.
The Dow Jones industrial average rose 48.03, or 0.41% to 11,782.35. The Standard
& Poor's 500 index rose nine, or 0.69% to 1,305.32, while the NASDAQ rose
25.85, or 1.07% to 2,439.9.
|NZ Top 50||3,353.626||-16.560 (-0.49%)|
|ASX 200||5,053.600||+27.500 (+0.55%)|
|FTSE 100||5,541.80||+64.30 (+1.17%)|
NZX Top 50
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