25 Nov 2010

New Zealand market slips five points

9:03 pm on 25 November 2010

Fletcher Building was up 4 cents to $8.10, Telecom was down 4c to $2.15, Contact Energy was down 1c to $5.87, Fisher & Paykel Healthcare was down 6c to $2.89, Rakon was up 1c to $1.17 and Sky Network Television was up 2c to $5.30.

Sanford was up 5c to $4.70, Goodman Fielder was down 2c to $1.75, Seeka Kiwifruit was up 50c to $2.80 and Xero was up 10c to $2.10.

Pike River Coal is on a trading halt. It last traded at 88c on Friday. Its 29% owner, New Zealand Oil & Gas, rose 5c to 94c after saying that secured creditors of Pike River Coal had agreed to a standstill period of 90 days.

The Warehouse was unchanged at $3.73, Hallenstein Glasson was up 8c to $4.58 and Vector was up 1c to $2.46. Pumpkin Patch was down 2c to $1.79.

Across the Tasman, the Australian 200 index was up seven points to 4592.

The dollar was at 75.79 US cents, 77.51 Australian cents, 48.1 pence, 63.27 yen and 0.5687 euro. The Trade Weighted Index was 68.49.