NZ sharemarket closes lower on positive day for others
There were 31 rises and 37 falls among the 111 stocks traded on a higher than average turnover.
Hot Topic
EARNINGS
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The New Zealand sharemarket posted modest losses on a day some markets finished on a positive note in a week plagued by worries about instability in the Middle East.
The benchmark NZX-50 index closed down 4.439 points, or 0.1%, at 3363.914, after opening down 5.86 points. Turnover was worth $105 million. There were 31 rises and 37 falls among the 111 stocks traded.
"Looking ahead, at least in the near-term, we see equity markets being dictated to by the 'goings-on' in the Middle East and North Africa," Ben Potter of IG Markets said.
Key stock Telecom slipped 2c to a 10-week low of 209, while Fletcher Building rose 5c to 863 after announcing the Commerce Commission had cleared its offer for Crane Group.
The profit results kept on coming.
Guinness Peat Group rose a cent to 76 after reporting a full-year net profit of £46 million, a turnaround from the £36 million loss the year before.
Vector rose a cent to 248 after reporting half-year net profit dropped 2.8%.
Pyne Gould Corp has delayed publication of its results for the six months to the end of December in the wake of the devastating Christchurch earthquake.
Contact Energy rose a cent to 624 after welcoming a draft decision to grant resource consents for 168 wind turbines at its proposed Hauraki windfarm in Waikato.
Xero rose 2c to 256, Cavalier Carpets rose a cent to 335 and Infratil rose a cent to 195.
OceanaGold fell 15c to 365 after rising strongly earlier this week, Ebos fell 5c to 735 and Nuplex fell 8c to 331.
TrustPower fell 3c to 719, Sanford fell 4c to 502, Auckland Airport fell 2c to 224 and Port of Tauranga fell 2c to 783.
NZX fell a cent to 161, SkyCity fell a cent to 326 and Restaurant Brands fell 2c to 241.
NZPA
Fri, 25 Feb 2011
Fri, 25 Feb 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
NZ sharemarket closes lower on positive day for others
12667