Tuesday 2nd September 2008
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The sharemarket rose slightly today with the NZSE50 up 0.28% to end the day at 3,367.
Top stock Telecom gained 1.6%, while number two, Contact Energy and the third ranking Fletcher Building advanced 0.4% each.
The retail sector was mixed, The Warehouse Group rose 0.9%, Hallenstein Glasson and Pumpkin Patch closed unchanged, while Michel Hill gave back 1.2%.
Other major gainers included Dorchester Pacific up 10%, Hellaby Holdings up
5.64%, AMP 4.4%, Fisher & Paykel Appliances 1.8% and Fisher & Paykel
Banks had a positive day, with ANZ up 2.8% and Westpac up 3.0%.
Top losers today included, Dominion Finance down 20%, Widespread Portfolios down 11%, Pan Pacific Petroleum down 6.67%, Charlie's Group down 2.99% and Sky City Entertainment down 2.96%.
NZX was down .73% after reporting that stock trading declined last month and the benchmark NZX 50 Index shrank 21%, according to the bourse's monthly survey.
Austral Pacific Energy, which owns 69.5% of the Cheal oil field onshore in the Taranaki region,was down 9.09% after saying it began production from its Cheal A7 well.
The benchmark S&P/ASX200 fell 2.3 points, or 0.04%, to 5116, while the broader All Ordinaries fell 5 points, or 0.1%, to 5195.
|NZ Top 50||3,367.253||+9.549 (+0.28%)|
|ASX 200||5,116.000||-2.300 (-0.04%)|
|FTSE 100||5,613.50||+10.70 (+0.19%)|
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