19 Nov 2009

NZ sharemarket gains

5:48 pm on 19 November 2009

The New Zealand sharemarket has edged up, with the benchmark NZX 50 index up 13 points, or 0.4%, to 31.41 on low turnover of $43 million at closing on Thursday.

Fletcher Building fell 5 cents to $7.85, Telecom rose 1 cent at $2.57 and Contact Energy rose 15 cents to $6.05.

Sky City Entertainment was down 2 cents to $3.40, Fisher & Paykel Healthcare was up 14 cents to $3.19 after a 31% increase in half-year profit to $37 million, and Auckland International Airport ws up 2 cents to $1.88.

Sky Network Television rose 2 cents to $4.78, Mainfreight fell 1 cent to $5.64 after its half-year profit fell by a third to $12.2 million, and AMP was up 10 cents to $8.04.

The Warehouse rose 9 cents to $4.17, while Kathmandu was down 2 cents to $2.16.

Allied Farmers lost 4 cents to 31 cents after saying it plans to buy Hanover Finance and United Finance's loan books in a deal worth $400 million.

Abano Healthcare was up 14 cents to $6.14.

In currency markets, the NZ dollar was at 73.76 US, 79.82 Australian, 44.18 pence, 65.67 yen, and 0.4946 euro. THe TWI stood at 65.74.