|
New Zealand shares closed lower Tuesday, tracking losses in the Australian
market.
The benchmark NZX50 index fell 6.16 points or 0.2 percent to 3,704.16 on light
turnover worth 75 million New Zealand dollars.
The NZX50 index opened around 1 percent higher after gains on Wall Street
overnight, but was
undercut by falls in Australia, which went against the trend in Asia.
It was very disappointing, said ASB Securities broker Stephen Wright.
Market leader Telecom was 3 cents higher in the morning but ended the day down 6
cents at 4.03 dollars, and Fletcher Building gave up early gains to finish 16
cents lower at 10.15 dollars.
Contact Energy rose 5 cents to 7.55 dollars.
Among other leading stocks, Electronics firm Rakon fell 15 cents to 3.54
dollars, and discount retailer The Warehouse dropped 3 cents to 5.70 dollars.
Among the gainers, Ebos rose 9 cents to 4.89 dollars, Auckland Airport added 3
cents to 2.71
dollars, and Air New Zealand was up 2 cents at 1.82 dollars.
Hallenstein Glasson rose 7 cents to 3.60 dollars, Trustpower added 9 cents to
7.78 dollars and Steel & Tube rose 6 cents to 3.70 dollars.
National Property Trust rose 10 cents to 65 cents after reporting an 11.4
million dollar profit.
** Check out our
New Zealand Phone Card
Tag Clouds:
New Zealand Calling Card,
New Zealand Phone Cards,
Phone Cards New Zealand
Source: http://www.forbes.com/markets/feeds/afx/2008/01/29/afx4584377.html
<-- Back
|