Sharechat Logo

Market Close: Temperatures drop and so do the markets

Wednesday 25th June 2008

Text too small?

Prices on the NZX Top 50 were mixed with 62 falls and 41 rises. Total turnover was $153,803,326.

Dorchester Pacific today withdrew the prospectus for its finance company and is seeking time to repay debenture holders. The move is expected after a similar move by St Laurence - a company which Dorchester has a 25% stake in - yesterday.

Port of Tauranga was down 15 to $ 6.55, and Sky City Entertainment was down 13 to $ 3.20.

Fletcher Building regained some of yesterday's loss and was up 23 to $6.65. NZ Oil and Gas also continued upwards to $1.74.

The banks performed well, ANZ up 46 to $23.11 and Westpac Banking Corp up 16 to $25.51.

The benchmark S&P/ASX200 index was down 52.2 points, or 0.99%, at 5237.8, a three-month low, while the broader All Ordinaries shed 56.2 points, or 1.04%, to 5362.6. While mining giants Rio Tinto and BHP Billiton fell heavily on lower base metals prices overnight, the banks fared slightly better with Westpac, ANZ and NAB all rising.

US shares declined in choppy trade as weak economic data and a bleak outlook from delivery giant UPS darkened the mood ahead of a Federal Reserve decision on interest rates.
At the close, the Dow Jones Industrial Average fell 34.93 points, or 0.29%, to 11,807.43 and the Nasdaq composite shed 17.46 points, or 0.73%, to 2,368.28.
The Standard & Poor's 500 index lost 3.71 points, or 0.28%, to a close of 1,314.29.

 

The main changes in the NZ market were:

Auckland Intl Airport down 2 to $ 1.92
F&P Healthcare Corp down 3 to $ 2.33
Goodman Fielder down 4 to $ 1.71
Guinness Peat Group Plc down 2 to $ 1.45
Infratil down 4 to $ 1.86
Port of Tauranga down 15 to $ 6.55
Sky City Entertainment down 13 to $ 3.20
Telecom Corp of NZ down 8 to $ 3.62
The Warehouse Group down 5 to $ 4.50
TrustPower down 15 to $ 7.45
Vector Ltd Ordinary down 4 to $ 2.00
AMP up 4 to $ 8.10
ANZ Banking Group up 46 to $ 23.11
Contact Energy up 6 to $ 8.45
Fletcher Building up 23 to $ 6.65
Freightways up 19 to $ 3.19
New Zealand Oil & Gas up 13 to $ 1.74
Westpac Banking Corp up 16 to $ 25.51
     
     
NZ Top 50 3,281.293 -16.891 (-0.51%)
ASX 200 5,237.800 -52.200 (-0.99%)
Dow 11,807.43 -34.93 (-0.29%)
Nasdaq 2,368.28 -17.46 (-0.73%)
FTSE 100 5,634.70 -32.50 (-0.57%)




  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:

Contact Energy Limited (NZX: CEN) Considers Green Capital Bond Offer
Tourism Holdings Limited (NZX: THL) Sells Mighway and SHAREaCAMPER to Camplify
26th October 2021 Morning Report
Harmoney Corp Limited (NZX: HMY) Prices $105m Inaugural ABS Transaction
New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report
Pictor ready to roll out game-changing COVID antibody test in New Zealand
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report