The New Zealand sharemarket fell in early trading, with key stock Fletcher Building starting the week with a drop of half a percent.About 10.15am the benchmark NZX-50 index was down 5.94 points to 3258.31, having edged down 0.4 points on Friday.Early toda
The New Zealand sharemarket fell in early trading, with key stock Fletcher Building starting the week with a drop of half a percent.
About 10.15am the benchmark NZX-50 index was down 5.94 points to 3258.31, having edged down 0.4 points on Friday.
Early today Fletcher Building fell 4c to 800, Freightways was down 3c to 303, and Tower lost 2c to 197.
Another leading stock, Telecom, added 1c to 217, while Skellerup lifted 3c to 100, just down from the three-year high 101 reached earlier this month.
In the United States, last week ended with commodity-related shares leading stocks lower in a shortened post-holiday session as investors unloaded risky assets on worries that euro-zone debt problems may spread.
The Dow Jones industrial average dropped 0.9 percent to end at 11,092, the Standard&Poor's 500 slipped 0.8 percent to 1189.40, and the Nasdaq Composite lost 0.3 percent to 2534.56.
