Radio New Zealand - Te Reo Irirangi o Aotearoa

NZ market nearly 1% up

Updated at 6:42 pm on 22 July 2011

The benchmark NZX50 index closed 28 points, or nearly 1%, higher at 3449 on turnover of $1 million on Friday.

Fletcher Building was up 11 cents to $8.26, Contact Energy down 1 cent at $5.35, and Telecom up 7.5 cents at $2.675.

Sky City Entertainment Group was up 6 cents at $3.65 and Sky Network TV up 3 cents at $5.80, but Fisher & Paykel Healthcare was down 3 cents at $2.54

Mainfreight rose 3 cents to $10.25, NZX rose 7 cents to $2.4, and Auckland International Airport rose 1.5 cent to $2.31

Restaurant Brands was down 3 cents at $2.42, while The Warehouse was up 4 cents at $3.59.

Methven rose 10 cents to $1.57 after announcing its full-year profit will almost double this financial year, due to its British business returning to profit and lower operating costs.

The Port of Tauranga was up 4 cents to $9.29, and TelstraClear up 8 cents to $2.88.

In currency markets, the NZ dollar was at 86.22 US, 79.55 Australian, 52.86 pence, 67.76 yen and 0.5988 euro. The TWI stood at 73.78.

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