10 Dec 2010

NZ and Australian markets down

1:35 pm on 10 December 2010

Both the New Zealand stock market was down on Friday morning.

By 12:15pm, he NZX50 index had slipped 1 point to 3280, on turnover of $19 million.

Fletcher Building was down 2 cents to $7.80, Contact Energy was unchanged at $6.13, Telecom was down 2c to $2.07 and Vector was unchanged at $2.44

GPG was down 1c to 69c after founder Sir Ron Brierley stepped down as chairman.

Fisher & Paykel Healthcare was unchanged at $3.15 and Fisher & Paykel Appliances was unchanged at 57c.

Auckland International Airport ltd was up 2c to $2.09.

Pike River Coal is still on a share trading halt. It last traded at 88 cents. Its 29 percent owner, NZ Oil & Gas, was down 2c at 89c.

The Warehouse was down 1c to $3.79.

Across the Tasman, the Australian 200 index was down 1 point to 4741

The New Zealand dollar was trading at 74.88 US cents, 76.14 Australian cents, 47.51 pence, 62.77 yen and 5661 euro. The Trade Weighted Index was at 67.76.