16 Dec 2011

NZX50 down in Thursday's trading

5:44 am on 16 December 2011

The NZX50 index ended Thursday down 21 points, or 0.6%, at 3263. Turnover was $75 million.

Fletcher Building lost 6 cents to end the day at $6.10, Telecom was down 1.5 cents at $2.065, Chorus was down 2 cents to $2.95, and Contact Energy lost 22 cents to end the day at $5.15.

Sky City Entertainment was down 1 cent at $3.46, Sky Network TV was unchanged at $5.20, Fisher & Paykel Healthcare gained 2 cents to $2.42, and Auckland Airport was up half a cent at $2.415.

Port of Tauranga was unchanged at $10, Sanford also unchanged at $3.80, Freightways gained 2 cents to finish at $3.66, and NZX was down 2 cents at $2.33.

Restaurant Brands was up 1 cent to $2.07. On Wednesday it added a fourth fast food chain to its stable, gaining the right to run the Carl's Junior burger stores in New Zealand from 2012.

Air New Zealand was down half a cent to 88.5 cents. It carried one million passengers in November, 1.1% less than in the same month in 2010

The Warehouse unchanged at $3.09.

New Zealand Oil & Gas was unchanged at 71 cents. It this week acquired stakes in companies with permits in Indonesia and Tunisia.

In currency markets, at 5.20pm the New Zealand dollar was buying 74.78 US, 75.58 Australian, 48.37 pence, 58.4 yen, and 0.5758 euro. The Trade Weighted Index was at 67.31.