Friday 29th August 2008
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Top stock Telecom edged up 0.3% and Contact Energy added 0.1%, while Fletcher Building jumped 2.5%.
In the retail sector, The Warehouse Group had a slightly positive day, advancing 0.9%. Hallenstein Glasson closed unchanged, but Michel Hill lost 4.6% and Pumpkin Patch gave back 3.1%.
Other major gainers included L & M Petroleum up 12.5%, Hellaby Holdings 7.95%, Auckland International Airport 2.9%, AMP 3.7%, ANZ 3.3%, APN News & Media 4.9%, Fisher & Paykel Healthcare 3.3%, Goodman Fielder 2.3%, Sky Network Television 2.8%, and Steel & Tube Holdings 3.0%.
Among top losers, Dorchester Pacific dropped 40%, NZX slumped 5.0%, ING Medical Properties dipped 3.5%, and Air New Zealand gave away 2.5%, Ryman Healthcare lost 2.3%, Rakon dropped 2.4% and Mainfreight declined 2.1%.
Financials were on the rise, with ANZ up 3.31% and Westpac up 1.44%.
New Zealand's only listed carpet-maker Cavalier, gained 2.18% today, after it lifted annual profit by 17% as it acquired a business and sold more carpet tiles. Sales rose 22% to NZ$250 million.
New Zealand Oil & Gas dropped 2.47% today after announcing its full-year
profit soared as production from the Tui oil field allowed it to benefit from
rising global crude oil prices. As a result, the company will pay an extra dividend.
The benchmark S&P/ASX200 index was up 69.1 points, or 1.4%, to 5,135.6, while the broader All Ordinaries Index advanced 72.2 points, or 1.4%, to 5,215.5.
|NZ Top 50||3,353.243||+28.447 (+0.86%)|
|ASX 200||5,135.600||+69.100 (+1.36%)|
|FTSE 100||5,601.20||+73.10 (+1.32%)|
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