24 May 2010

NZ market higher at close

9:31 pm on 24 May 2010

The New Zealand sharemarket rose 11 points, or 0.4%, to close at 3061 on Monday on turnover of $70 million.

Fletcher Building was down 5 cents to $7.82 per share, Telecom fell 3c to $1.96 after announcing it is considering splitting its network and retail arms, and Contact Energy gained 2c to $5.97.

Auckland International Airport was up 1c to $1.89. Air New Zealand was unchanged at $1.20.

Fisher & Paykel Healthcare was 2c higher at $3.40, while Fisher & Paykel Appliances was up 1c to 58c.

Sky Network Television was up 3c to $4.67 and Sky City Entertainment fell 1c to $2.91.

Nuplex gained 3c to $3.06, NZ Oil and Gas was up 5c to $1.41, Pike River Coal fell 4c to $1.01 and New Zealand Refining was 5c at $3.38.

Retailer The Warehouse gained 4c to $3.64, while Briscoe Group was unchanged at $1.28.

Kermadec Property Fund was unchanged at 48c after announcing a $2.6 million loss in the year to March.

At 5.20pm on Monday, the New Zealand dollar was buying 67.38 US cents, 81.37 Australian cents, 46.56 pence, 60.79 yen and 0.5390 euro. The Trade Weighted Index was at 65.31.