Aussie, New Zealand sharemarkets flat
UPDATED 4pm: Little movement on transtasman stock markets; results announcements the biggest driver.
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UPDATED 3.45pm: The New Zealand sharemarket regained small early losses to be trading 0.2% in late trade on light trade. The Australian market was stronger, trading up 0.4%.
UPDATED 12.30pm: The Australian sharemarket is flat in early trading, down by just over 0.2% after being up 0.1% minutes ago.
The S&P/ASX 200 is down 9.2 points to 4092.7, led down by Telstra, which has fallen 4.9% (15Ac) to $A2.92.
Shares in Bluescope Steel have fallen 4.4% (3.5Ac) to 75.5Ac after the company announced a $A1 billion loss and said it would have to lay off 1000 employees.
Meanwhile, Nuplex is the big mover on an otherwise sluggish NZX 50, which has moved up only 0.13 points to 3,267.973.
Following today’s results announcement Nuplex shares have risen by 9.7%, climbing 23c to $2.60.
The New Zealand stock market has started the day quietly, down slightly in early trading.
The NZX 50 index is down 0.35%, dropping 11.52 points to 3256.321.
Skellerup is the biggest riser, up 4c (3.3%) to $1.25, while Goodman Fielder has made the biggest decline, down 4c (3.9%) to 99c.
Hallenstein Glasson is down 5c (1.4%) to $3.45, Fletcher Building is down 4c (0.5%) to $7.75 and The Warehouse is down 3c (0.9%) to $3.37.
The New Zealand share market's fall follows another choppy week for global markets, with stocks on Wall Street finishing the week lower.
Niko Kloeten
Mon, 22 Aug 2011
Mon, 22 Aug 2011
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Aussie, New Zealand sharemarkets flat
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