The stock exchange gained slightly in early trading today, with moderate volumes of shares changing hands.The NZX 50 index gained 2.572 points, climbing to 3211.635 in early trading.With little news to influence the market, most investors were waiting for
The stock exchange gained slightly in early trading today, with moderate volumes of shares changing hands.
The NZX 50 index gained 2.572 points, climbing to 3211.635 in early trading.
With little news to influence the market, most investors were waiting for the reporting season to kick-off in February, Hamilton, Hindin, Greene director Grant Williamson said.
Of the major shares, Telecom gained 1c to 245, Contact stayed at 598 and Fletcher Building fell 3c to 815.
Restaurant Brands also fell, shedding 1c to 174. Tourism Holdings fell 1c to 92 and Tower also fell 1c, to 202.
Fisher&Paykel Appliances gained 1c to 62, NZ Refining 5c to 400, Fisher&Paykel Healthcare 2c to 336, NZ Oil and Gas 1c to 158 and Skycity 1c to 338. Air New Zealand gained 1c to 120.
On Wall Street, US stocks slipped on Tuesday as solid earnings and consumer confidence data were tempered by trepidation before major political and regulatory developments expected later in the week.
The Dow Jones industrial average eased 3.40 points, or 0.03 percent, to 10,193.46, according to the latest available figures. The Standard&Poor's 500 Index lost 4.65 points, or 0.42 percent, to 1092.13. The Nasdaq Composite Index dipped 7.07 points, or 0.32 percent, to 2203.73.
