16 Dec 2011

New Zealand share market falls on Friday

7:50 pm on 16 December 2011

[b The New Zealand share market closed lower on Friday.

The NZX50 index closed down 18 point at 3,245 on turnover of $67 million.

Fletcher Building was up 7 cents at $6.17, Telecom was down 3 cents at $2.03.5, Chorus was up 9 cents to $3.02, and Contact Energy was up 5 cents at $5.20.

Sky City Entertainment was down 7 cents at $3.39, Sky Network TV was unchanged at $5.20, Fisher & Paykel Healthcare was down 6 cents at $2.39, and Auckland Airport was up half a cent at $2.44.

Port of Tauranga was down 19 cents at $9.86, Sanford was up 8 cents at $3.93 and Freightways down 7 cents at $3.59.

NZX was unchanged at $2.33

Restaurant Brands was down 3 cents at $2.05. This week 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 next year.

Air New Zealand was down 3 cents at 85 cents. It carried a million passengers in November, 1.1% less than in the same month last year.

Nuplex was down 22 cents at $2.21 after lowering its 2012 profit guidance.

The Warehouse was up 1 cent at $3.10.

New Zealand Oil & Gas was down 2 cents at 69.5 cents. Earlier this week it acquired stakes in companies with permits in Indonesia and Tunisia.

The NZ dollar was at 75.97 US cents, 76.18 Australian cents, 48.95 pence, 59.18 yen, 0.5732 euro, and the Trade Weighted Index stood at 68.17.