16 Mar 2009

New Zealand sharemarket lifts

8:23 pm on 16 March 2009

The New Zealand share market lifted on Monday, with the NZX Top 50 index up 21 points to 2544, on turnover of $66 million.

In currency markets, the dollar was trading at 52.35 US cents, 79.81 Australian cents, 37.33 pence, 51.38 yen and 0.4059 euro. The Trade Weighted Index stands at 53.53.

Across the Tasman, the Australian share market closed flat after strong gains from the banks offset heavy losses from the big miners and energy stocks.

The benchmark S&P/ASX200 index was 3.2 points, or 0.1%, higher at 3348.4, while the broader All Ordinaries gained 2.6 points, or 0.08%, to 3297.3.

At the close of day trading on the Sydney Futures Exchange, the March share price index contract was 33 points higher at 3370, on a volume of 90,830 contracts.

Japanese shares closed up 1.78%, extending a strong rebound seen at the end of last week, after US stocks gained for a fourth straight day on hopes of a recovery.

The Nikkei-225 index climbed 134.87 points to end at 7704.15, after surging 5.15% on Friday. The broader Topix index of all first-section shares gained 17.39 points, or 2.40%, to 741.69.