14 Nov 2011

Markets down after Monday trade

8:57 pm on 14 November 2011

The stock market fell at close of trade on Monday after an initial rally, with the benchmark NZX50 index closing down 12 points to 3309.

At midday on Monday, the New Zealand market had risen by 0.5%, on the appointment of new administrations in Greece and Italy, but it later fell by 0.3%.

In currency markets, at 5.20pm the NZ dollar was at 78.8 US, 76.43 Australian, 49.01 pence, 60.76 yen, 0.5719 euro. The Trade Weighted Index stands at 68.89.

Telecom was down 7.5 cents at $2.62, Fletcher Building increased 17c to $6.43, and Contact Energy was down 9c to $5.48.

Sky City Entertainment was down 3c at $3.44, while Sky Network TV dropped 3c at $5.38.

The Warehouse remains unchanged at $3.25 and Kathmandu was up 14c to $2.60, after retail sales volumes jumped 2.2% in the September quarter due to the Rugby World Cup.

Vector fell 6c to $2.59.

AMP was up 10c to $5.70, NZ Farming Systems Uruguay was up 5c to 70c, and Abano Healthcare rose 5c to $4.10.

Satara dropped 8c to 47c and Comvita was down 5c to $2.80.

AWF Group dropped 5c to $1.95, and Metlifecare was down 4c to $2.36.