20 Jul 2009

Asia Pacific markets higher

10:16 pm on 20 July 2009

Markets were higher in the Asia Pacific by the close of trade on Monday.

The New Zealand market edged up 12 points, or nearly 0.5%, to close at 2820 on turnover of $77 million.

Top stocks were mixed. Telecom was up 2 cents to $2.73 and Contact Energy rose 7c to $5.90, but Fletcher Building was down 1c to $6.82.

Air New Zealand rose 2c to 93c, while Sky City Entertainment Group had another strong day, up 8c to $2.86.

The Australian share market closed in positive territory led by a resources sector that was buoyed by stronger commodity prices.

The benchmark S&P/ASX200 index closed up 49.5 points, or 1.24%, at 4,050.3 points, while the broader All Ordinaries index gained 51.3 points, or 1.28%, to 4,044.2 points.

In Hong Kong, shares closed 3.7% higher, as sentiment was boosted by the resilient Chinese economy and positive earnings reports from the United States, dealers said.

The benchmark Hang Seng Index rose 696.71 points to 19,502.37.

Japan's markets were closed for a public holiday.