2 Aug 2010

NZ share market edges up

7:30 pm on 2 August 2010

The New Zealand sharemarket's benchmark NZX50 index gained 9 points to close at 3044 on Monday on turnover of $40 million.

Fletcher Building was down 2 cents a share to $7.58, Telecom was up 1c at $2, while Contact Energy was unchanged at $5.70.

Sky City Entertainment gained 2c to $3.05 and Sky Network Television was 6c higher at $4.89.

Fisher & Paykel Healthcare was up 2 cents to $3.04, while Fisher & Paykel Appliances gained 1c to 54c.

The Warehouse rose 5c to $3.58 and Air New Zealand lifted 1c to $1.12.

Infratil was down 1c cent to $1.62. NZ Refinery gained 4c to $3.06.

Property For Industry fell 1c to $1.13 after announcing that its half-year loss has nearly doubled due to tax changes announced in the Budget in May. The company lost $29 million in the six months to June.

In currency markets, at 5.20pm on Monday the NZ dollar was buying 72.88 US cents, 80.18 Australian, 46.36 pence, 63.04 yen and 0.5570 euro. The Trade Weighted Index stood at 67.59.