22 Dec 2008

Market finishes up 24 points

9:37 pm on 22 December 2008

The NZX 50 index closed up 24 points to 2679 on Monday on turnover of $28 million.

Telecom was unchanged at $2.26 and Contact Energy was unchanged at $7.05.

Fletcher Building gained 27 cents to $6.10, Mainfreight gained 12c to $4.60, The Warehouse lost 1c to $3.53

and PGG Wrightson lost 10c to $1.05.

The dollar was trading at 57.63 US cents, 84.55 Australian cents, 38.62 pence, 51.94 yen and 0.4121 euro. The Trade Weighted Index was 56.22.

Across the Tasman, the Australian share market closed lower on Monday on the back of weaker resources and banking sectors.

The S&P/ASX200 index was down 58.3 points, or 1.61%, to 3557.4 points, while the All Ordinaries index was down 54.9 points, or 1.55%, to 3492.3 points.

On the Sydney Futures Exchange, the March share price index futures contract was down 56 points to 3543 points on a volume of 12,630 contracts.