25 Jun 2010

New Zealand sharemarket slips

5:39 pm on 25 June 2010

The New Zealand sharemarket slipped on Friday, with the benchmark NZX50 index falling 15 points, or 0.5%, to close at 3034 on turnover of $67 million.

Fletcher Building was down 2 cents to $7.95, Telecom was unchanged at $1.97 and Contact Energy was down 4c to $5.85.

Auckland Airport was down 2c to $1.93, Fisher & Paykel Healthcare was down 4c to $3.14, Sky City Entertainment Group was down 2c to $2.93 and Sky Network Television was down 2c to $4.91.

Nuplex was up 4c to $2.91, Mainfreight was unchanged at $6.19 and NZ Oil & Gas was unchanged at $1.27.

GPG was up 2c to 66c and Allied Farmers was down 0.1% to a record low of 4.3c after announcing it has yet to finalise its lending arrangements.

Tower was down 5c to $1.53 and ANZ was down 55c to $27.70 after the Court of Appeal ruled in favour of Tower in a court battle over insurance customers.

Across the Tasman, the ASX 200 was down 62 points, or 1.4%, to 4418.

The dollar was buying 70.41 US cents, 81.69 Australian cents, 47.12 pence, 63.05 yen and 0.5721 euro. The Trade Weighted Index was 67.77.