The New Zealand sharemarket fell for a third consecutive day today as investors continued to be cautious ahead of the reporting season.
Auckland Airport successfully completed the institutional part of its capital raising with 99% of its institutional sh
The New Zealand sharemarket fell for a third consecutive day today as investors continued to be cautious ahead of the reporting season.
Auckland Airport successfully completed the institutional part of its capital raising with 99% of its institutional shareholders taking up entitlements. Its shares will resume trading on Tuesday.
Hallenstein Glasson, which reported first-half sales were up 6.7% on a year ago and signalled its interim profit will be up 50%, rose 35c, or 10.8%, to $3.60.
The benchmark NZX50 index closed down 27.664 points, or 0.9%, at 3155.94. Turnover was worth $88.9 million. There were 28 rises and 53 falls among the 111 stocks traded.
Brokers have been saying all week that the market is drifting ahead of the interim profit reporting season in February.
Telecom's woes with its XT network continued and its shares fell 3c, or 1.2%, to $2.38. The company is under pressure to pay customers compensation and said today it would say something about this next week.
Fletcher Building fell 13c to $7.94 on good volume and SkyCity fell 5c to $3.30. Contact Energy fell 5c to $5.80.
NZOG fell 4c to $1.52 after releasing a quarterly report. Charlie's rose 0.7c to 9.7c after saying it expected to post an interim profit.
NZ Farming Systems Uruguay rose 2c to 46c after expressing optimism about the milk price.
ING Property rose 2c to 77c and ING Medical Property Trust rose 4c to $1.19.
Goodman Property Trust was unchanged at $1.03 as was Kiwi Income Property Trust at $1.01. Property for Industry fell 2c to $1.15.
Mainfreight rose 6c to $5.71 and Freightways fell 1c to $3.27.
Ebos eased 1c to $5.97 and Cavalier Carpets rose 3c to $2.79.
NZ Refining fell 17c to $3.68. SkyTV fell 7c to $4.80. Westpac fell 70c to $30.50.
The Warehouse rose 2c to $3.85, TrustPower rose 5c to $7.30 and Tower rose 3c to $1.98.
