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Market close: Shares close lower

Tuesday 30th September 2008

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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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