Market Close: Market extends Tuesday's gains

Wednesday 9th July 2008

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	1.95	0.00
AIR	1.10	0.00
AMP	8.33	+0.08
ANZ	23.90	-0.01
APN	3.90	0.00
APT	1.09	-0.01
CAV	2.20	0.00
CEN	7.62	-0.10
EBO	4.20	0.00
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	1.35	0.00
HLG	2.69	+0.09
IFT	1.93	+0.07
IMP	1.10	-0.01
ING	0.85	-0.01
KIP	1.14	0.00
LNN	11.05	-0.24
MFT	6.50	+0.10
MHI	0.84	+0.08
MVN	1.60	0.00
NPX	5.10	+0.10
NZO	1.70	-0.02
NZR	7.00	+0.03
NZS	1.78	0.00
NZX	7.40	0.00
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	4.20	0.00
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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