Modest early rise for NZ sharemarket
The New Zealand sharemarket had a modest rise in early trading. Around 10.15am the benchmark NZX-50 index was up 4.89 points to 3375.41, having yesterday ended up 6.6 points.
The New Zealand sharemarket had a modest rise in early trading. Around 10.15am the benchmark NZX-50 index was up 4.89 points to 3375.41, having yesterday ended up 6.6 points.
The New Zealand sharemarket had a modest rise in early trading.
Around 10.15am the benchmark NZX-50 index was up 4.89 points to 3375.41, having yesterday ended up 6.6 points.
Cavalier Corp rose 4c to 341 early, Telecom added 2c to 210, and Mainfreight lifted 2c to 810.
NZX added to its 9c jump yesterday, when it signalled growth both in its traditional and non-traditional businesses and increases in dividends, with a further 2c gain to 172.
Abano Healthcare fell 10c early to 460, Freightways fell 2c to 321, and Restaurant Brands was down 2c to 240.
In the United States, bullish comments from investor Warren Buffett helped US stocks end another good month on a high note, but uncertainty about oil prices could keep investors from pushing the market much higher.
A sign stocks may stall out was evident in the lacklustre volume, with just 7.29 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, well below last year's daily average of 8.47 billion.
The Dow Jones industrial average gained 0.8 percent to 12,226.34, the Standard&Poor's 500 Index gained 0.6 percent to 1327.24, and the Nasdaq Composite Index gained 0.04 percent to 2782.27.
NZPA
Tue, 01 Mar 2011
Tue, 01 Mar 2011
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Modest early rise for NZ sharemarket
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