Bubbly start for NZ sharemarket
The New Zealand sharemarket lifted in early trading, with the benchmark NZX-50 index up to its highest level in nearly 11 weeks.
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The New Zealand sharemarket lifted in early trading, with the benchmark NZX-50 index up to its highest level in nearly 11 weeks.
Around 10.15am the benchmark NZX-50 index was up 4.26 points to 3272.25, after rising 18.3 points yesterday.
Shares in Restaurant Brands climbed to their highest level in nearly eight years, gaining 3c early to 205, while Ryman Healthcare shares lifted 2c to 209.
Mainfreight was up another 5c to an 18-month high at 639, with today's rise on top of a 9c gain yesterday.
Fletcher Building lost 14c early to 821, while Contact Energy was unchanged on 640 after lifting 22c yesterday, and Telecom was unchanged on 217. NZX slipped 2c to 190 and Steel&Tube fell 2c to 258.
In the United States, stocks fell as a report showing a surprising drop in private sector employment stoked concerns about the health of the labour market two days before the government's key jobs data.
The Dow Jones industrial average dropped 0.5 percent to 10,856.63, the Standard&Poor's 500 Index shed 0.3 percent to 1169.43, and the Nasdaq Composite Index fell 0.5 percent to 2397.96.
NZPA
Thu, 01 Apr 2010
Thu, 01 Apr 2010
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Bubbly start for NZ sharemarket
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