11 May 2011

Trans Tasman markets up

1:17 pm on 11 May 2011

The New Zealand stock markets was up on Wednesday morning.

At 12:17pm, the NZX50 was up 22 points, or 0.6%, to 3551 on turnover of $38 million.

Fletcher Building was up 5 cents at $9.03, Telecom was up 5c to $2.29 and Contact Energy was up 2c at $6.02.

Sky City Entertainment Group was up 4c at $3.75, Sky Television Network was up 2c to $5.78 and Auckland International Airport Ltd was up 2c to $2.29.

The Warehouse was down 1c to $3.70. Air New Zealand was up 1c to $1.14 and Methven up 1c to $1.48

New Zealand Oil & Gas was unchanged at 96c.

Infratil was unchanged at $1.92 after announcing the 226 Shell service stations, which it owns in partnership with the New Zealand Superannuation Fund, will be rebranded as .

New Zealand Refining Ltd was up 4c at $4.59.

Briscoes Group was down 3c at $1.45 after saying on Tuesday that sales fell 0.5% to $96.3 million in the three months to May, compared with the same period last year.

Restaurant Brands was up 1c to $2.49.

Across the Tasman, the Australian 200 index was up 42 points, or 0.9%, to 4768

The New Zealand dollar was trading at 79.55 US cents, 73.26 Australian cents, 48.61 pence, 64.4 yen and 0.5522 euro. The Trade Weighted Index was at 68.32.