2 Feb 2010

Markets follow Wall Street upwards

1:10 pm on 2 February 2010

The New Zealand sharemarket has followed the lead of Wall Street.

At 12.28pm on Tuesday, the NZX 50 index was up 18 points, or 0.6%, to 3169 on turnover of $19 million.

Fletcher Building was unchanged at $7.90, Telecom was up 2c to $2.39 and Contact Energy was up 2c at $5.82

Auckland International Airport Ltd was up 4c to $1.96 after resuming trading as it raises funds after buying a stake in North Queensland Airport.

Fisher & Paykel Healthcare was down 1c to $3.34.

Sky City Entertainment was up 3 cents to $3.28, Sky Television Network was up 5c to $4.75 and Air New Zealand was unchanged at $1.29.

The Warehouse was up 1c at $3.87, Nuplex was up 7c to $3.27, Tower was up 3c to $2.03 and Pike River Coal was up 3c to 98 cents.

The ASX 200 index rose 63 points, or 1.4%, to 4587.

The New Zealand dollar is trading at 70.89 US cents, 79.54 Australian, 44.41 British pence, 64.31 yen and 0.5087 euro. The Trade Weighted Index was at 65.24.