25 Aug 2010

NZ market ends trading day down

10:32 pm on 25 August 2010

The New Zealand sharemarket was down 18 points to 3006 at the close of trade on Wednesday. Turnover was $54 million.

Fletcher Building was down 4 cents to $7.49 per share, Telecom fell 2c to $2 and Contact Energy was 1c lower at $5.72.

Sky City Entertainment was down 1c to $2.88 and Sky Network Television fell 5c to $5.05.

Fisher and Paykel Healthcare was down 4c to $2.81, while The Warehouse was 1c lower at $3.53.

Skellerup gained 7c to 80c after it lifted its underlying profit by almost 50% to $14.5 million in the year to June.

Michael Hill International rose 4c to 69c after the Hill family announced that it wanted to increase its stake to 50.1%.

At 5.20pm on Wednesday, the New Zealand dollar was trading at 70.20 US, 79.40 Australian, 45.51 pence, 59.20 yen and 0.5520 euro. The Trade Weighted Index stood at 65.92.