Stock prices in a range of sectors slipped again today as the NZX 50 index fell 10 points, or 0.3%, to close at 3540, on a low turnover of $89 million.
Telecom spin-off Chorus slumped 21 cents to $3.04, and other relatively large falls included Nuplex, down 10 cents to $2.60, Oceana Gold down 9 cents to $2.81, and Rakon down 3 cents to 51 cents.
Fletcher Building fell 4 cents to $6.24, and Contact Energy fell 5 cents to $4.78, while The Warehouse dropped 5 cents to $2.65. In the transport sector, Mainfreight fell 18 cents at $9.69, and Freightways fell 6 cents at $4.12.
Property for Industry slipped 1 cent to $1.16 after distributable profit fell 8 percent to $3.7 million in the three months to March, compared with the same period a year ago.
Stock prices which were unchanged at the end of the day's trading included Sky City Entertainment Group ($3.86) Sky Network TV ($5.57).
Cornerstone stock Telecom rose 5 cents to $2.60, Auckland Airport rose 2.5 cents to $2.58, Fisher & Paykel Healthcare rose 5 cents to $2.27. Trustpower rose 7 cents to $7.60, and Port of Tauranga lifted 11 cents to $11.31.
Fisher & Paykel Appliances rose 1 cent to 53.5 cents, as the dropping exchange rate for the NZ dollar indicated potential gains in the revenues to be brought back to this country.
At the close of the business day, the NZ dollar was trading at 79.20 cents Australian, 49.13 pence, 63.16 yen and 0.6099 euro. The trade-weighted index was at 70.96 points.
