5 Dec 2011

Market ends week up

5:57 am on 5 December 2011

The NZX50 index has ended up 5 points or 0.1% on Friday at 3282. Turnover was $80 million.

Among the major share movements: Fletcher Building was up 12 cents at $6.19, Telecom was down 1 cent at $1.98, Chorus lost 14 cents to $3.07 after announcing it will be removed from the S&P 200 Index, and Contact Energy was up 12 cents at $5.52.

Sky City Entertainment gained 3 cents to $3.39 and Sky Network TV was down 5 cents to $5.36.

Fisher & Paykel Appliances were 0.5 cents at 34.5 cents while Fisher & Paykel Healthcare gained 7 cents to end at $2.43.

Auckland Airport lost 1 cent at $2.35 and The Warehouse was down 2 cents at $3.15.

PGG Wrightson was down 1 cents at 35 cents, Freightways also lost 1 cent to close at $3.36, Mainfreight was down 5 cents at $10.43, Tower was down 8 cents at $1.40, and

Sanford shed 5 cents to close the week at $4.35.

ANZ Banking Group gained 10 cents to close the day's trading at $26.90 after Standard & Poor's downgraded its credit rating by a notch

Westpac shares rose 25 cents to $27.90 after a similar downgrade by Standard & Poor's.

In currency markets, at 5.20pm the NZ dollar was buying 78.05 US, 76.38 Australian, 49.80 pence, 60.73 yen, and 0.5780 euro.

The TWI stood at 69.