Sharechat Logo

Market Close: Shares rise for 2nd day; Wrightson gains

Monday 29th December 2008

Text too small?
New Zealand shares rose in light trading, pushing the NZX 50 Index up for a second day, with PGG Wrightson surging 12% and rest-home operator Metlifecare extending its slide.

The NZX 50 rose 9.583, or 0.4%, to 2677.64. Within the index, 21 stocks gained, 11 fell and 18 were unchanged. About 11.6 million shares changed hands. Wrightson, which has tumbled 32% in the past month, gained 13 cents to NZ$1.19.

Metlifecare fell 9% to NZ$2.54, extending its slide since announcing last week that was suspending its dividend and seeking to raise as much as NZ$40 million by selling new shares to shore up its capital. It was at NZ$3 before the announcement.

Fletcher Building led the index lower, sliding 3.5% to NZ$5.60, its third daily decline after figures showed the biggest drop in U.S. home sales for 21 years.

Air New Zealand fell 2.3% to 86 cents and Sky Network Television fell 1.3% to NZ$3.85.

Among gainers, carpet maker Cavalier Corp. rose 4.9% to NZ$1.73 and children’s clothing chain Pumpkin Patch rose 4% to NZ$1.04.

In Sydney, the S&P/ASX 200 Index rose 1.1% to 3621.1. Woodside Petroleum rose 5.7% after the price of oil advanced. Babcock & Brown Infrastructure fell 4.5% to 8.5 cents.

(Businesswire.co.nz)

NZX Top 50
Last updated: 29/12/2008 5:05pm

AIA1.600.00
AIR0.86-0.02
AMP6.25-0.15
ANZ17.70-0.20
APN2.900.00
APT1.00+0.01
CAV1.73+0.08
CEN7.14+0.12
EBO4.150.00
FBU5.60-0.20
FPA1.25+0.02
FPH3.20+0.10
FRE2.99+0.09
GFF1.480.00
GMT0.97+0.01
GPG0.95+0.01
HLG2.20+0.01
IFT1.67-0.03
IMP1.080.00
ING0.620.00
KIP1.01+0.01
LNN9.50-0.05
MFT4.50-0.05
MHI0.560.00
MVN1.280.00
NPX2.92-0.02
NZO1.220.00
NZR5.800.00
NZS0.590.00
NZX5.420.00
PFI1.070.00
PGW1.19+0.13
POT6.30-0.15
PPL1.04+0.04
PRC0.900.00
RAK1.31+0.01
RYM1.47+0.02
SAN5.000.00
SKC3.05+0.03
SKL0.710.00
SKT3.85-0.05
STU3.100.00
TEL2.28+0.02
THL0.70+0.01
TLS4.44+0.08
TPW7.06+0.06
TWR1.450.00
VCT2.10-0.01
WBC19.80+0.47
WHS3.49+0.02


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report