28 Jun 2011

Local market rises three points

7:10 pm on 28 June 2011

The New Zealand sharemarket rose 3 points to close at 3441 on turnover of $75 million on Tuesday.

Fletcher Building was down 12 cents at $8.52, Contact Energy up 3 cents at $5.38, Telecom down 3 cents to $2.425.

Sky City Entertainment Group up 4 cents at $3.61, Auckland International Airport up 2 cents at $2.23, Air New Zealand up 2 cents to $1.13.

The Warehouse down 3 cents to $3.50, Fisher and Paykel Healthcare unchanged at $2.70,

Methven up 5 cents at $1.50, Tower up 6 cents at $1.62

Restaurant Brands up 3 cents to $2.53

Scott Technology down 5 cents at $1.40, Kathmandu down 7 cents to $2.23, NZ Farming Systems down 2 cents to 70 cents

Vital Healthcare Property Trust unchanged at $1.19 after its independent directors urged unitholders to ignore an alternative plan to change its management contract, saying there could be another proposal on the table shortly.

New Image Group down 2 cents at 24 cents after issuing a profit warning

New Zealand Wine Company untraded at $1.32 after the company issued a profit warning yesterday and warned it was in breach of one of its banking covenants.

The Australian 200 index is up 18 points at 4479.

In currency markets, the NZ dollar is at 80.42 US, 76.90 Australian, 50.35 pence, 64.96 Yen, and point-5627 euro... The TWI stands at 69.86.