8 Dec 2011

NZX50 ends down on Wednesday

5:57 am on 8 December 2011

The NZX50 index fell 8 points, or 0.3%, on Wednesday to close at 3283. Turnover was $83 million.

Fletcher Building ended up 1 cent at $6.31, Telecom was up 4 cents at $2.03, Chorus lost 3 cents to $3.03, and Contact Energy was down 24 cents at $5.34.

Sky City Entertainment shed 1 cent to $3.44, Sky Network TV was down 5 cents at $5.29, Fisher $ Paykel Healthcare was up 1 cent at $2.40.

Air New Zealand closed half a cent down at 91.5 cents and The Warehouse was unchanged at $3.10.

Port of Tauranga gained 18 cents to close at $10:25 after securing another shipping contract from Maersk at the expense of Ports of Auckland. It now expects container volumes to grow by 25% this year compared with a previous forecast of 20%.

Cavalier Corp was unchanged at $2.21, NZ Refining was up 1 cent $3.06, and Ebos was unchanged at $6.10.

Vital Healthcare Property Trust lost half a cent to close at $1.125 and Fisher & Paykel Appliances was down 1 cent at 34 cents.

Heartland New Zealand was unchanged at 47 cents after Standard & Poor's affirmed its triple-B minus credit rating and improved its rating outlook to stable.

In currency markets, at 5.20pm the NZ dollar was buying 78.05 US, 76.01 Australian, 49.98 pence, 60.64 yen, and 0.5812 euro. The Trade Weighted Index was at 68.98.