23 Jun 2010

NZ market steady, Australia's takes a dip

9:04 pm on 23 June 2010

The sharemarket closed flat on Wednesday, with the benchmark NZX50 gaining less than 1 point to finish at 3054, on turnover of $38 million.

Fletcher Building was unchanged at $8.12, Telecom up 5c to $1.95 and Contact Energy down 4c to $5.90.

Auckland Airport fell 2c to $1.92 while both Air New Zealand and Fisher & Paykel Healthcare were unchanged at $1.14 and $3.16 respectively. Fisher & Paykel Appliances slipped 2c to 56c.

Sky City Entertainment Group was up 5c to $2.92, Sky TV was unchanged at $4.92 and NZ Oil & Gas was down 2c to $1.30.

Vector was unchanged at $2.17 and the Warehouse gained 2c to $3.52.

On currency markets, the NZ dollar was buying 70.40 US, 80.90 Australian, 47.51 pence, 64.72 yen and .5740 euro. The TWI stood at 67.79.

Across the Tasman

The Australian sharemarket closed deeply in the red, having taken its lead from weaker offshore bourses and the expectation of more negative US housing figures.

The benchmark S&P/ASX200 index was down 72.2 points, or 1.58%, at 4486.1, while the broader All Ordinaries index was down 71.9 points, or 1.57%, at 4509.4.