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Market Close: Market extends Tuesday's gains

Wednesday 9th July 2008

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The sharemarket rose slightly today with the NZSE50 up 0.53% to end the day at 3,177, adding to yesterday's 1.2% gains.

The most actively traded stock on the bourse, with over 7.8 million shares changing hands was Telecom NZ, closing the day up 1% to end at $3.51. The next biggest trader was Fisher & Paykel Healthcare with over 4.7 million shares being traded. Rises outweighed falls by 73 to 41, with the star of the day being Dorchester Pacific up 10%, while the biggest loser was A2 Corporation Ltd, down 14%.

In the retail space, Pumpkin Patch rose 0.7%, The Warehouse Group gained 1.3%, Hallenstein Glasson surged 3.5% and Michael Hill soared 10.5%.
Among major losers, Goodman Fielder plunged 3.9%, Goodman Property Trust lost 1.7%, Lion Nathan fell 2.1%, Pike River Coal dropped 2.4% and SkyCity shed 1.9%.

The benchmark S&P/ASX200 index gained 79 points, or 1.6%, to 5011.9, after falling to its lowest level since August 2006 in the previous session.

Tumbling oil prices fuelled a rally on Wall Street, and the blue-chip Dow Jones Industrial Average jumped 152.25 points, or 1.36%, to 11,384.21 after a mixed opening. The Nasdaq tech-dominated composite index rallied 51.12 points, or 2.28%, to 2,294.44 and the Standard & Poor's 500 index advanced 21.39 points, or 1.71%.

NZ Top 50 3,177.464 +16.878 (+0.53%)
ASX 200 5,011.900 +79.000 (+1.60%)
Dow 11,384.21 +152.25 (+1.36%)
Nasdaq 2,294.44 +51.12 (+2.28%)
FTSE 100 5,440.50 -72.20 (-1.31%)

  NZX TOP 50  
As at: 9/07/2008 5:34pm
CODE
LAST
+/-

AIA
1.950.00

AIR
1.100.00

AMP
8.33+0.08

ANZ
23.90-0.01

APN
3.900.00

APT
1.09-0.01

CAV
2.200.00

CEN
7.62-0.10

EBO
4.200.00

FBU
6.73+0.20

FPA
1.90+0.04

FPH
2.40+0.10

FRE
3.02+0.02

GFF
1.73-0.07

GMT
1.16-0.02

GPG
1.350.00

HLG
2.69+0.09

IFT
1.93+0.07

IMP
1.10-0.01

ING
0.85-0.01

KIP
1.140.00

LNN
11.05-0.24

MFT
6.50+0.10

MHI
0.84+0.08

MVN
1.600.00

NPX
5.10+0.10

NZO
1.70-0.02

NZR
7.00+0.03

NZS
1.780.00

NZX
7.400.00

PFI
1.17-0.01

PGW
2.60+0.03

POT
6.40+0.05

PPL
1.49+0.01

PRC
2.05-0.05

RAK
2.85+0.05

RYM
1.65+0.01

SAN
5.20+0.10

SKC
3.09-0.06

SKL
0.84+0.03

SKT
4.200.00

STU
2.55+0.04

TEL
3.51+0.04

THL
1.30-0.01

TLS
5.54+0.06

TPW
7.50+0.17

TWR
1.93-0.02

VCT
2.00+0.06

WBC
25.07-0.08

WHS
4.03+0.05

 



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