The New Zealand sharemarket was little changed today even though Wall Street had a strong finish on Friday.Risk appetite dissipated on markets after eurozone nations agreed on Sunday to offer loans to Greece if it asked for the money.The benchmark NZX-50
The New Zealand sharemarket was little changed today even though Wall Street had a strong finish on Friday.
Risk appetite dissipated on markets after eurozone nations agreed on Sunday to offer loans to Greece if it asked for the money.
The benchmark NZX-50 index closed up 3.895 points, or 0.1%, at 3314.142. Turnover was worth $54.8 million. There were 44 rises and 32 falls among the 113 stocks traded.
"It is a bit disappointing on the back of Friday night markets being quite buoyant. I thought we might have followed them today," said Stuart Hardie, adviser at Craigs Investment Partners.
OceanaGold rose 9c to $3.49 after an upbeat statement about investigation of gold deposits near its existing Reefton mine.
Air NZ rose a cent to $1.46 to a new two-year high. Tourism NZ said today it was working with Air NZ on another round of the New Zealand Big Shout campaign in Australia.
NZOG rose 1c to $1.63 on a day it was reported that the Hoki-1 exploration well was drilling ahead.
Telecom, which today flagged the departure of senior executive Matt Crockett, eased a cent to $2.20. Contact Energy rose 2c to $6.43 and Fletcher Building eased 5c to $8.33.
Nuplex, which went ex-dividend today, fell 2c to $3.47.
Pike River Coal, which had a strong run last week, fell a cent to $1.15.
Port of Tauranga, which has the largest container ship to regularly call at New Zealand berthed at its port, eased 4c to $6.96.
NZAX-listed A2 Corp rose 0.1c to 8c after saying it was in talks with Freedom Nutritional Products.
Methven fell 2c to $1.58, Tourism Holdings eased 4c to $6.96 and Ebos fell 1c to $6.44. SkyTV fell 5c to $5.20 and Mainfreight fell 1c to $6.50.
