Quiet open for NZ sharemarket; Aussie stocks dip
UPDATED: APN shares slump after ugly result announcement.
UPDATED 2.20pm: The Australian stock exchange has dipped in early trading, down 0.64% more than two hours after opening.
The S&P/ASX 200 is down 27.6 points to 4,276.3, on more than $A2 billion worth of trading.
Investors have responded strongly to AMP’s results announcement today, boosting its shares by 4.6% (19Ac) to $A4.34.
However, publisher APN has taken a hammering after its result announcement, dropping 10.1% (9Ac) to 80Ac.
The NZX opened steadily this morning, staying flat at 3294, a relief to a market that has been in a state of flux for the past fortnight.
In moderate trading shares for Fletcher Building nudged up 5c to $7.91, while ANZ Banking Group slipped 15c to $26.
Matt Nippert and Niko Kloeten
Thu, 18 Aug 2011
Thu, 18 Aug 2011
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Quiet open for NZ sharemarket; Aussie stocks dip
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