21 Oct 2011

NZ sharemarket down on Thursday

5:14 am on 21 October 2011

The New Zealand sharemarket has followed the lead of Wall Street downwards on Thursday.

The NZX50 index fell 10 points, or 0.3%, to 3290 on turnover of $86 million.

At 5.20pm the New Zealand dollar was trading at 79 US cents, 77.48 Australian cents, 50.2 pence, 60.67 yen, and 0.5758 euro. The Trade Weighted Index was at 69.34.

Telecom was unchanged at $2.57, Fletcher Building was down 5 cents to $6.34 and Contact Energy was unchanged at $5.70.

Sky City Entertainment was unchanged at $3.43, Sky Network TV was up 10 cents to $5.65 and Auckland International Airport was unchanged at $2.35.

Air New Zealand was down 1 cent at $1.04 after announcing it will spend $340 million on new planes and Fisher & Paykel Healthcare was down 2 cents to $2.47.

The Warehouse was down 1 cent at $3.17 and Hallenstein Glasson was down 4 cents to $3.60.

Restaurant Brands was down 2 cents to $2.00 after reporting its half year profit fell 44% to $7.5 million on Wednesday.

AMP was down 1 cent to $5.33 and Ebos Group was down 5 cents to $6.55.