Market close: Shares close slightly lower

Tuesday 12th August 2008

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%)
Dow	11,782.35	+48.03 (+0.41%)
Nasdaq	2,439.95	+25.85 (+1.07%)
FTSE 100	5,541.80	+64.30 (+1.17%)

NZX Top 50

As at: 12/08/2008 5:33pm

AIA	2.03	0.00
AIR	1.26	0.00
AMP	8.65	+0.08
ANZ	22.55	+0.34
APN	4.08	+0.06
APT	1.12	-0.01
CAV	2.60	+0.08
CEN	8.55	-0.14
EBO	4.80	-0.01
FBU	6.43	-0.14
FPA	2.12	-0.04
FPH	2.93	-0.06
FRE	3.15	-0.06
GFF	1.87	-0.04
GMT	1.17	-0.02
GPG	1.58	+0.02
HLG	2.87	-0.01
IFT	2.22	+0.02
IMP	1.15	+0.02
ING	0.81	+0.01
KIP	1.14	+0.01
LNN	11.12	+0.12
MFT	7.00	+0.06
MHI	0.85	0.00
MVN	1.70	0.00
NPX	6.22	+0.02
NZO	1.49	-0.03
NZR	6.80	+0.05
NZS	1.80	-0.02
NZX	7.70	+0.05
PFI	1.15	-0.02
PGW	2.76	-0.06
POT	6.75	+0.03
PPL	1.60	0.00
PRC	1.81	-0.04
RAK	3.05	+0.01
RYM	1.68	-0.02
SAN	6.15	+0.17
SKC	3.67	-0.08
SKL	0.97	+0.04
SKT	4.89	+0.14
STU	3.10	0.00
TEL	3.33	-0.03
THL	1.45	+0.05
TLS	5.64	-0.08
TPW	7.81	+0.03
TWR	2.19	-0.01
VCT	2.30	+0.08
WBC	31.00	+0.30
WHS	3.50	+0.06

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