29 Oct 2009

Markets down under, down

1:15 pm on 29 October 2009

The New Zealand sharemarket followed Wall Street downwards on Thursday.

At 12.45pm, the NZX 50 index down 21 points, or 0.7%, to 3182 on turnover of $35 million.

Fletcher Building was down 9 cents to $8.19, Telecom was up 1c to $2.56 and Contact Energy was down 8c to $6.15.

Sky City Entertainment was down 4c to $3.38, and Sky Network Television was down 2c to $4.73.

Auckland International Airport Ltd down 3c to $1.93 as it reiterated it expects to make between $93 - $100 million in the current financial year

Air New Zealand was down 4c to $1.30. Fisher & Paykel Healthcare was up 10c to $3.10.

Freightways was down 6c to $3.09. Quarterly profits rose 2% to $7 million.

New Zealand Oil & Gas was up 2c to $1.73 and Pike River Coal up 1c to $1.12

Pumpkin Patch was down 2c to $1.95 and The Warehouse was down 7c to $4.48

The Australian 200 index fell 85 points, or 1.8%, to 4600.

The New Zealand dollar has fallen across the board following the latest recview of the Official Cash Rate by the Reserve Bank.

At 12.45pm, it was trading at 72.15 US cents, 80.19 Australian cents, 43.98 pence, 65.40 yen and 0.4899 euro. The Trade Weighted Index was 65.14.