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:

7th December 2021 Morning Report
Sky Network Television Limited (NZX: SKY) Transformation accelerates - Sky raises FY22 guidance
PGG Wrightson Limited (NZX: PGW) FY22 Operating EBITDA forecast to better last year
Vulcan Steel Limited (NZX: VSL) Trading Update & Earnings Upgrade
6th December 2021 Morning Report
Synlait Milk Limited (NZX: SML) Partnership to enhance soil health; test regen ag practices
Property for Industry Limited (NZX: PFI) Strong Valuation Outcome, Penrose Acquisition
3rd December 2021 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra provides Milk Price, earnings and Q1 update
Kiwi Property Group Limited (NZX: KPG) Signs Sale and Purchase Agreement with IKEA