12 Jan 2010

NZ market down at close

8:52 pm on 12 January 2010

The New Zealand share market was down 13 points, or 0.4%, to 3290 at the close of trade on Tuesday. Turnover was $96 million.

Fletcher Building gained 3 cents to close at $8.47 per share, while Telecom was 1c lower at $2.54 and Contact Energy was down 2c to $6.32.

Auckland Airport International fell 6c to $1.96 after announcing it is buying a 24.55% stake in Cairns and Mackay airports in Queensland for $A132 million.

Air New Zealand was down 2c to $1.18.

Sky City Entertainment was 1c lower at $3.39 and Sky Television fell 4c to $5.13

Retailer The Warehouse lost 5c $4.05, while Kathmandu was unchanged at $2.

In Australia, the ASX 200 closed down 1% at 4,900, and the All Ordinaries index slipped 50 points to 4,931, according to the ABC website.

Japanese stocks closed up 0.75%, reaching a new 15-month high as overall market sentiment remained upbeat despite fears that Japan Airlines is headed for bankruptcy.

The Tokyo Stock Exchange's benchmark Nikkei-225 index climbed 80.82 points to 10,879.14, the best finish since early October 2008.

The broader Topix index of all first-section shares added 12.84 points, or 1.36%, to 954.13, AFP reports.