A New Zealand sharemarket reduced by the Auckland Anniversary Day holiday ended lower today, reflecting weakness in offshore markets.The benchmark NZX50 index closed down 13.686 points, or 0.4%, at 3150.968. Turnover was worth $38.31 million. There were 2
A New Zealand sharemarket reduced by the Auckland Anniversary Day holiday ended lower today, reflecting weakness in offshore markets.
The benchmark NZX50 index closed down 13.686 points, or 0.4%, at 3150.968. Turnover was worth $38.31 million. There were 23 rises and 46 falls among the 105 stocks traded.
"The market is weak, pretty much in reaction to what is happening overseas," said Grant Williamson, director at Hamilton, Hindin, Greene.
Hallenstein Glasson was a standout performer, rising 10c, or 2.8%, to $3.70 after reporting strong sales and profit guidance last week.
Telecom eased 1c to $2.37, as customers and the market await word this week on a compensation package for the XT failure that resulted in customers south of Taupo losing the service for up to three days. Details of a review of the system are also expected to be released.
Fletcher Building eased 4c to $7.90 and Contact Energy was unchanged on $5.80.
Infratil, which released its January operating update today, eased 2c to $1.63.
SkyCity eased 5c to $3.25, SkyTV eased 10c to $4.70, Hellaby fell 5c to $1.65 and Michael Hill fell 3c to 67c. Kathmandu eased 3c to $1.97.
NZ Refining fell 6c to $3.62, NZOG fell 3c to $1.49 and Pike River Coal was unchanged at 95c. Oceanagold eased 15c to $2.20.
AMP fell 8c to $7.84 and Tower rose 2c to $2.00.
Port of Tauranga rose 7c to $7.19, Mainfreight rose 9c to $5.80 and Freightways rose 3c to $3.30.
Kiwi Income Property Trust rose 2c to $1.03 and Property for Industry rose 2c to $1.17.
