17 Jul 2011

Market down in Friday trading

3:55 pm on 17 July 2011

The New Zealand stockmarket ended the week 3 points down to close at 3406 on turnover of $113 million.

Among the major changes:

Fletcher Building was down 8 cents at $8.05, Contact Energy up 4 cents at $5.39, and Telecom up 4.5 cents at $2.485.

Sky City Entertainment Group was down 1 cent at $3.58, Sky Network TV up 1 cent at $5.81, The Warehouse down 8 cents at $3.46, Fisher and Paykel Healthcare down 1.5 cents at $2.605.

Auckland International Airport ended up 0.5 cents to 2.305.

Diligent Board Member Services was down 4 cents to $1.26 and NZX shares ended down 5 cents at $2.30 after the FMA questioned whether it had broken the continuous listing rules.

Argosy Property Trust was up 2 cents to 84 cents. It will ask unitholders to accept a $20 million payment to cancel its contract with ANZ Bank and bring the management of the property portfolio in-house.