24 Nov 2008

Mixed start to week for markets

9:58 pm on 24 November 2008

Markets in the Asia-Pacific region had a mixed start to the trading week, with the Australian benchmark index up slightly, while New Zealand and Asian markets were lower at the close.

The New Zealand index was down 2 points, or 0.10%, to 2573 on turnover of $47 million on Monday.

Top stocks Telecom was down 3 cents at $2.21, Contact Energy fell 11c to $6.28, while Fletcher Building rose 12c to $5.54.

The Australian share market ended in positive territory, with weakness in the financials offset by gains in the materials and energy sectors.

At the 1615 AEDT close, the benchmark S&P/ASX200 index was up 8.6 points, or 0.25%, at 3425.1 while the broader All Ordinaries had lifted 1.9 points, or 0.06%, to 3388.8.

Japanese markets were closed for a public holiday.

Indexes elsewhere in Asia cut losses but remained in negative territory, with Hong Kong, India and Singapore all falling more than 1%.

South Korean shares shares and Chinese shares lost more than 3%.