17 Apr 2009

NZ market ends week higher

10:05 pm on 17 April 2009

The New Zealand share market ended the trading week higher, up 1.8%.

The benchmark NZX 50 rose 48 points to close at 2711 on turnover of $94 million.

Top stocks all gained. Telecom was up 9 cents at $2.54, Fletcher Building rose 3c to $6.76, while Contact Energy lifted 9c to $5.79.

Cook's Food Group was unchanged at 25c a share after announcing Food Holdings is planning to buy the recently listed group's operations.

In Australia, the share market closed flat, amid gains by the big miners and retailers but a weaker energy sector.

At the close of trade the benchmark S&P/ASX200 index was 1 point or 0.03% stronger at 3776.7 points, while the broader All Ordinaries gained 2.5 points, 0.07%, to 3728.1.

Japanese shares posted solid gains, as investors cheered a strong performance on Wall Street driven by some good news on the ailing American economy and banking sector.

The Nikkei-225 climbed 152.32 points, or 1.74%, to end at 8,907.58. The broader Topix index of all first section shares advanced 13.53 points, or 1.63%, to 845.57.

Hong Kong share prices closed 0.12% higher. The benchmark Hang Seng Index closed up 18.28 points at 15,601.27.