9 Jul 2009

NZ market lower at close

10:34 pm on 9 July 2009

The New Zealand share market was down 8 points, or 0.3%, to 2741 at the close of trade on Thursday.

Top stocks were mixed. Telecom fell 10 cents to $2.70, Contact Energy was down 1c to $5.62, but Fletcher Building gained 9 cents to $6.50.

The Australian share market closed flat on Thursday for the second consecutive day, as better than expected employment figures helped stocks rebound from early losses.

At the 1615 AEST close, the benchmark S&P/ASX200 index was 4.6 points, or 0.12%, lower at 3763.3, and the broader All Ordinaries index also shed 4.6 points, or 0.12%, to 3761.4 points.

Japanese shares fell for a seventh straight session on Thursday, closing at the lowest level in almost seven weeks as worries grew about the economic outlook and the strength of the yen.

The benchmark Nikkei-225 index dropped 129.69 points, or 1.38%, to 9,291.06, the weakest since May 22. The broader Topix index of all first section shares lost 14.63 points, or 1.65%, to 873.91.