26 Jul 2010

New Zealand sharemarket closes up

6:24 pm on 26 July 2010

The New Zealand sharemarket closed up on Monday, with the benchmark NZX50 index rising 26 points, or 0.9%, to finish at 3021 on turnover of $33 million.

Fletcher Building finished up 10 cents to $7.73, Telecom was up 1c to $1.97, Contact Energy was up 3c to $5.69, Sky City Entertainment was up 3c to $2.99 and Sky Network Television was up 8c to $4.75.

The Warehouse finished up 4c to $3.60, Rakon was up 3c to $1.01

and Michael Hill Jeweller was unchanged at 70c after cutting the value of its 2008 intellectual property sale.

Infratil was up 1c to $1.63 and NZ Refinery was down 14c to $3.08.

Farming Systems Uruguay was unchanged at 55c and PGG Wrightson was up 1c to 52c. Allied Farmers was up 0.4c to 6.5c.

The dollar was at 72.75 US cents, 81.31 Australian cents, 47.05 pence, 63.64 yen and 0.5623 euro. The Trade Weighted Index was 68.09.

Across the Tasman, the Australian 200 index was up 27 points, or 0.6%, to 4486.