30 Jan 2010

NZ sharemarket continues fall

5:49 am on 30 January 2010

The New Zealand sharmarket was down 19 points, or 0.6%, to 3165 at the close of trade on Friday on turnover of $66 million.

Fletcher Building fell 13 cents to $7.94 per share, Telecom was down 3c to $2.38 and Contact Energy was 5c lower at $5.80.

Sky City Entertainment fell 5c to $3.30, Sky Television Network was 7c lower at $4.80, while Air New Zealand gained 5c to $1.29.

Hallenstein Glasson rose 35c to $3.60 following a half-year profit upgrade and higher dividend payout, while The Warehouse was up 2c to $3.85.

Fisher & Paykel Healthcare was unchanged at $3.39.

In Australia, a 3.4% plunge in mining stocks has led the market to its lowest close since 5 November, and made January the worst performing month for the ASX 200 since November 2008.

The All Ordinaries index ended the day 101 points lower at 4,597, and the ASX 200 slumped 2.2% to 4,570, the ABC website reports.

Japanese stocks closed down 2.08% on Friday. The Tokyo Stock Exchange's benchmark Nikkei-225 index dropped 216.25 points to 10,198.04.

The broader Topix index of all first-section shares shed 13.20 points, or 1.44%, to 901.12, AFP reports.