NZ sharemarket rises early
The New Zealand sharemarket rose modestly in early trade, taking the benchmark NZX-50 index to its highest level in nearly three years.
The New Zealand sharemarket rose modestly in early trade, taking the benchmark NZX-50 index to its highest level in nearly three years.
Around 10.20am the NZX-50 was up 6.63 points to 3525.61, after its fourth consecutive day of gains yesterday when it ended up 12.6 points.
Telecom was up 3.5c early today to 223, Port of Tauranga added 5c to 875, Restaurant Brands gained 4c to 248, Trustpower lifted 4c to 750, Ebos Group lifted 3c to 735, and Fletcher Building was up 2c to 900.
Mainfreight lost 4c to 915, Contact Energy was down 2c to 600 and Sky City lost 2c to 371.
In the United States, stocks of energy and materials companies gained as commodities recovered some of last week's losses.
The Standard&Poor's 500 Index added 0.5 percent to close at 1346.29, the Dow Jones industrial average gained 0.5 percent to 12,684.68, and the Nasdaq composite index rose 0.6 percent to 2843.25.
NZPA
Tue, 10 May 2011
Tue, 10 May 2011
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NZ sharemarket rises early
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