The sharemarket fell slightly today with the NZSE50 down -0.25% to end the day at 3,345.
Among market leaders, Fletcher Building jumped 2.3% after posting a 3.5% decline in full-year earnings, reflecting a year-earlier tax gain and delays in restructuring its Formica unit.
Top stock Telecom gained 1.5%, but the second-ranked Contact Energy lost 1.2%.
In the retail space, Michael Hill increased 1.2% and The Warehouse Group was up 1.1% but Hallenstein Glasson fell 0.7%. Pumpkin Patch closed unchanged.
It was a good day for Rakon who jumped 3.0%, Property For Industry gained 1.7%, NZ Windfarms was up 3.81%, BLIS Technologies was up 32.08% and TrustPower climbed 1.2%.
Other major losers included AMP NZ Office Trust 2.7%, ING Medical Properties 2.6%, New Zealand Oil and Gas 4.7%, Pike River Coal 5.0% and L & M Petroleum was down 11.76%.
Banks had a negative day with ANZ Banking Group down 5.5% and Westpac Banking Group dropping 3.2%.
The benchmark S&P/ASX200 was down 102 points, or 2.02%, to 4951.6, while the broader All Ordinaries lost 94.4 points, or 1.85%, to 4995.9.
Wall Street was lower on Tuesday as downbeat news from the financial sector raised more concerns about the ongoing impact of the credit crisis on the economy.
The Dow Jones industrial average lost 139.88, or 1.19% to 11,642.47 after a multi-day run. The broader Standard & Poor's 500 index fell 15.73, or 1.21% to 1,289.59, while the NASDAQ shed 9.34, or 0.38% to 2,430.61.
|NZ Top 50 || 3,345.235 ||-8.391 (-0.25%) |
|ASX 200 ||4,951.600 ||-102.000 (-2.02%) |
|Dow ||11,642.47 ||-139.88 (-1.19%) |
|Nasdaq ||2,430.61 ||-9.34 (-0.38%) |
|FTSE 100 ||5,512.50 ||-22.00 (-0.40%) |
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