5 Nov 2011

NZ and Australian markets up

6:38 am on 5 November 2011

The New Zealand stock market was up on Friday.

The NZX50 index rose 20 points, or 0.6 percent, to close at 3332 on turnover of $86 million. The Australian ASX 200 rose 109 points to 4281.

Telecom rose 1.5 cents to $2.63 after US-based BlackRock disclosed it has a 5% stake in the company.

Fletcher Building was unchanged at $6.45, while Contact Energy rose a cent to $5.66.

Sky City Entertainment rose 8 cents to $3.48 and Sky Network Television rose 2 cents to $5.47.

Mainfreight rose 13 cents to $9.90, Nuplex rose 5 cents at $2.69, and NZ Refining fell 5 cents to $3.08.

Michael Hill International fell a cent to 88 cents after holding its annual meeting in Auckland.

Tower rose 7 cents at $1.42 and Infratil rose 2 cents to $1.84.

OceanaGold rose 16 cents to $3.27. The Warehouse eased a cent to $3.26.

Westpac rose 71 cents to $28.90 and ANZ Banking Group rose 50 cents to $27.50.

In currency markets, the NZ dollar was at 79.37 US cents, 76.45 Australian, 49.54 pence, 61.86 yen, 0.5744 euro. The Trade Weighted Index was at 69.35.