27 Sep 2011

Rebound on NZ market

8:34 pm on 27 September 2011

The sharemarket has bounced back following Wall Street's strong session, with the benchmark NZX50 index closing up 37 points, or 1.2%, to 3292 on Tuesday.

In currency markets, the NZ dollar has risen. It's buying 78.2 US cents, 79.4 Australian, 50.23 pence, 59.71 Yen, 0.5781 euro, and the Trade Weighted Index stands at 69.33.

Fletcher Building was up 18c at $7.57, Telecom rose 7.5c to $2.575, and Contact Energy was down 1c, at $5.37.

Sky City Entertainment is unchanged at $3.43, Sky Network TV was up 8c to $5.18, Auckland International Airport was up 0.5c at $2.265, Fisher and Paykel Healthcare rose 5c to $2.50, and The Warehouse was down 1c to $3.17.

Hallenstein Glasson was down 2c to $3.43, Pumpkin Patch fell 9c to 80c after the children's clothing retailer lost $1.8 million in the July year, a turnaround from the previous year's $25.5 million profit.

Tower was up 5c to $1.43, and Vector rose 4c to $2.48.