20 Jul 2011

NZ sharemarket up at close

7:53 pm on 20 July 2011

The benchmark NZX50 index rose 16 points, or 0.5%, to 3408 on turnover of $78 million on Wednesday.

Fletcher Building was up 8 cents to $8.12, Contact Energy down 3 cents at $5.36, and Telecom up 2 cents at $2.555

Vector was down 3 cents to $2.39 after the regulator proposed on Tuesday cutting the electricity lines company's prices by 9%.

Sky City Entertainment Group was up 3 cents at $3.57, Sky Network TV unchanged at $5.78, and isher & Paykel Healthcare down 1 cent at $2.58

Mainfreight ws up 12 cents to $10.22, NZX up 10 cents to $2.22, and Auckland International Airport up 1.5 cents to $2.285.

Pumpkin Patch rose 3 cents to $1.06, and The Warehouse 1 cent to $3.54

In currency markets, the NZ dollar was at 85.3 US, 79.63 Australian, 52.93 pence, 67.54 yen and 0.6032 euro. The TWI stood at 73.68.