2 Aug 2011

NZ and Australian markets down

1:29 pm on 2 August 2011

The New Zealand share market was down on Tuesday.

By 1.45pm, the NZX50 index had fallen 7 points, or 0.2%, at 3407 on turnover of $55 million.

Across the Tasman, the Australian 200 index was down 33 points, or 0.7%, at 4465.

The New Zealand dollar was buying 87.58 US cents, 79.68 Australian cents, 53.68 pence, 68.55 yen and 0.6138 euro. The Trade Weighted Index was at 74.73.

Fletcher Building was down 9 cents to $8.14, Contact Energy was down 3c at $5.12 and Telecom was up 2.5c at $2.665. NZ Oil & Gas was up 1c at 69c.

Sky City Entertainment Group was unchanged at $3.70, Sky Network TV was down 1c to $5.82 and Fisher & Paykel Healthcare was down 4c at $2.53.

Kathmandu was up 10c at $2.30 after issuing an earnings upgrade because of better-than-expected sales. The Warehouse was unchanged at $3.55.

Pyne Gould Corporation was up 1 cent at 37 cents. Baker Street Capital of California, has lifted its stake in PGC from 10.75% to 11.77%.