15 Jan 2010

NZ market ends trading week lower

10:52 pm on 15 January 2010

The New Zealand share market was 20 points lower, or 0.6%, at 3258 at the close of trade on Friday. Turnover was $47 million.

Fletcher Building fell 13 cents to $8.31 per share, Contact Energy was 14c lower to $6.18, while Telecom gained 1c to $2.51.

Auckland Airport was down 1c to $1.92, while Air New Zealand gained 1c to $1.18.

Sky City Entertainment was 2c lower to $3.32 and Sky Television also lost 2c to $5.17.

Retailer The Warehouse fell 2c to $4.02.

The Australian share market recovered from a day of losses. At the close, the All Ordinaries was flat at 4,930, while the ASX 200 gained 2 points to 4,900, the ABC reports.

In Japan, stocks rose as strong earnings from Intel lifted shares of technology companies.

The benchmark Nikkei 225 stock average rose 74.42 points, or 0.7%, to 10,982.10 in choppy trading.

The Nikkei gained 1.7% this week, finishing at its closing highest level since October 2, 2008, AFP reports.

The broader Topix index added 0.8% to 966.40.