12 Apr 2011

NZ market flat, ASX down

1:33 pm on 12 April 2011

The New Zealand stock market was little changed on Tuesday. At 12.42pm, the NZX 50 index was flat at 34 61 on turnover of $37 million.

Fletcher Building was down 8 cents at $9.44, Telecom was unchanged at $1.995 and Contact Energy was up 3c to $5.76.

Sky City Entertainment was up 1c at $3.45 and Sky Network Television unchanged at $5.74. The Warehouse was down 1c at $3.44.

Vector was down 9c at $2.37 after the Commerice Commission changed its view over setting price paths for monopoly network owners. Nuplex was up 3c at $3.04.

New Zealand Refining Ltd was down 5c to $4.75 and Sanford was down 3c to $5.52.

Across the Tasman, the ASX200 is down 23 points to 4948.

The New Zealand dollar was at 78.17 US cents, 74.72 Australian cents, 47.86 pence, 65.91 yen and 0.5422 euro. The Trade Weighted Index was at 68.07.