4 Aug 2009

Asia-Pacific markets end trading day higher

10:28 pm on 4 August 2009

Market in Asia and the Pacific were higher at the close of trade on Tuesday.

The New Zealand market closed up 44 points, or 1.5%, to 3092 on turnover of $96 million.

Major stocks gained. Telecom was up 3 cents to $2.86, Fletcher Building rose 11c cents to $7.51, and Contact Energy gained 20c to $6.54

ANZ was up 79c to $24.80 after announcing it is to buy some Asian businesses from British lender the Royal Bank of Scotland for about $A550 million.

Wakefield Health was down 80c to $9.20 after saying tax earnings for the six months to September could be 30% to 40% lower than the first half of the previous financial year.

The Australian share market has closed at a fresh nine-month high, boosted by the resources sector and major banks.

The benchmark S&P/ASX 200 index was 45.9 points, or 1.08 per cent, higher at 4309.3 on Tuesday, while the broader All Ordinaries index lifted 43.4 points, or 1.02%, to 4313.9.

It was the highest close on the S&P/ASX 200 since 5 November, when it finished at 4336.57.

Japanese share prices crept up to a new 10-month high on Tuesday. The benchmark Nikkei-225 index gained 22.54 points, or 0.22 per cent, to 10,375.01, the best finish since 6 October.

The broader Topix index of all first section shares added 1.46 points, or 0.15%, to 959.02, rising for a 13th straight trading day and extending the longest unbroken winning streak in more than 21 years.