30 Sep 2010

NZ market down

1:46 pm on 30 September 2010

The New Zealand stock market was down on Thursday morning.

At 12.33pm, the NZX50 index was down 15 points at 3211 on turnover of $46 million.

Fletcher Building was down 24 cents to $8.11, Telecom was down 1c at $2.07 and Contact Energy was down 2c at $5.69.

Auckland International Airport Ltd was unchanged at $2.07, Air New Zealand was unchanged at $1.28 and Fisher & Paykel Healthcare was unchanged at $3.00.

Sky City Entertainment was up 2c at $2.85 and Sky Network Television up 2c to $5.08.

New Zealand Oil was unchanged at $1.29. The Warehouse was up 3c to $3.81.

Hallenstein Glassons was up 5c to $4.40. Nuplex was unchanged 3.26.

Allied Farmers was up 3%, to 3c , after selling a former Hanover asset, which will cancel its debt with its senior lender Westpac. The company is due to publish its audited results later on Thursday.

Abano Healthcare was down 3c to $5.25 after selling its stake in National Hearing Care.

The Australian 200 index opened at 1pm NZ time.

The New Zealand dollar was trading at 73.63 US cents, 76.02 Australian cents, 46.60 pence, 61.70 yen and 0.5405 euro. The Trade Weighted Index was at 66.26.