Market close: Shares close lower

Tuesday 30th September 2008

The sharemarket tumbled today with the NZSE50 down -3.08% to end the day at 3,090.

Top stock Telecom dropped 1.8%, Fletcher Building lost 3.8%, and Contact Energy decreased 5.7%.

The retail sector was weaker with Hallenstein Galsson declining 12.9%, Michael Hill International sank 10.7%, The Warehouse Group lost 4.7% and Pumpkin Patch was down 5.2%.

Those on the rise were Burger Fuel Worldwide which was up 39%, Austral Pacific Energy up 16%, Dorchester Pacific up 6%, Lion Nathan up 5%, and Fisher & Paykel Healthcare up 1.7%,

Losers today included Pulse Utilities down 25%, Sealegs Corporation down 12.50%, ProvencoCadmus down 11.7%, Pan Pacific Petroleum and Heritage Gold both down 11.5%.

L&M Petroleum, the exploration company seeking to tap global demand for coal-seam gas, said initial laboratory tests of coal samples from its Goodwin-1 well confirmed the presence of gas. Shares closed down 5.56% today.

The S&P/ASX 200 Index lost 162 points to 4645.0, after having plunged 5.6% shortly after the opening.

The Dow dropped 777.68 points, or 6.98% to 10,365.45, but the broader S&P500 collapsed 106.59 points, or 8.79%, to 1,106.42.
The NASDAQ, fell even more, by 199.61 points, or 9.14% to 1,983.73.

NZ Top 50	3,090.216	-98.322 (-3.08%)
ASX 200	4,645.200	-162.200 (-3.37%)
Dow	10,365.45	-777.68 (-6.98%)
Nasdaq	1,983.73	-199.61 (-9.14%)
FTSE 100	4,818.77	-269.70 (-5.30%)

NZX Top 50

As at: 30/09/2008 4:24pm

AIA	1.96	-0.03
AIR	0.97	-0.03
AMP	8.00	-0.50
ANZ	22.00	-0.69
APN	3.85	-0.12
APT	1.10	-0.01
CAV	2.44	-0.20
CEN	7.84	-0.45
EBO	4.45	-0.13
FBU	6.77	-0.14
FPA	1.61	-0.10
FPH	2.88	0.00
FRE	3.21	-0.09
GFF	1.55	-0.09
GMT	1.17	-0.03
GPG	1.20	-0.05
HLG	2.60	-0.27
IFT	2.02	-0.03
IMP	1.07	-0.02
ING	0.70	-0.02
KIP	1.15	-0.03
LNN	10.10	-0.30
MFT	6.47	-0.28
MHI	0.72	-0.03
MVN	1.40	-0.04
NPX	6.00	-0.12
NZO	1.29	-0.09
NZR	6.50	-0.30
NZS	1.29	-0.05
NZX	6.30	-0.20
PFI	1.11	-0.04
PGW	1.60	-0.14
POT	6.53	-0.07
PPL	1.29	-0.07
PRC	1.65	+0.03
RAK	2.24	-0.06
RYM	1.62	-0.06
SAN	5.85	0.00
SKC	3.58	-0.03
SKL	0.90	+0.01
SKT	4.18	-0.30
STU	3.75	-0.05
TEL	2.67	-0.11
THL	1.26	0.00
TLS	5.10	0.00
TPW	7.90	-0.25
TWR	1.72	-0.04
VCT	2.10	-0.12
WBC	26.30	-2.20
WHS	3.03	-0.14

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