The New Zealand sharemarket rose today with investors seeing some positives in the smaller company announcements to the exchange.The benchmark NZX-50 index closed up 8.05 points, or 0.3%, at 3164.152. Turnover was worth $48.9 million. There were 41 rises
The New Zealand sharemarket rose today with investors seeing some positives in the smaller company announcements to the exchange.
The benchmark NZX-50 index closed up 8.05 points, or 0.3%, at 3164.152. Turnover was worth $48.9 million. There were 41 rises and 35 falls among the 116 stocks traded.
Telecom fell 14c to $2.19 after going ex-dividend.
"The reporting season is over for large-cap New Zealand companies but it is certainly not over," said James Lee, head of wholesale equities at First NZ Capital.
Wellington Drive Technologies rose 1c to 8c after saying it would not seek further capital before moving to profitability.
Guinness Peat Group shares rose 5c to 87c after the company said it planned to update the market on crystalising value by the annual general meeting in May.
"That's a fairly short time frame so investors liked that," Mr Lee said.
SkyTV rose 17c to $5.15 in reaction to its earnings result last week.
Contact Energy rose 11c to $6.23 and TrustPower fell 10c to $7.25.
NZX eased a cent to $2.04 after reporting a 280% annual profit rise, mostly from already announced asset sales.
ANZ rose 85c to $30.10 and Westpac rose 90c to $33.90.
Auckland Airport rose 1c to $1.87 and Air NZ 2c to $1.31. Mainfreight rose 5c to $5.90, Freightways eased 1c to $3.04 and NZOG rose 1c to $2.04.
Shares in Delegats Group fell 17c to $2.10 after the wine exporter reported a 12% decline in interim net profit on Friday.
Across Asia markets were higher after copper jumped the most in 11 months on concerns the Chilean earthquake may disrupt supplies.
