24 Jan 2012

Market rises on light trading

5:20 am on 24 January 2012

The New Zealand sharemarket ended Monday up with the NZX 50 rising 18 points to end the day at 3295. Turnover was light at $39 million.

Among the major share movements, Fletcher Building was down 1 cent to $6.27, Telecom gained 3.5 cents to $2.11, Chorus was up 2 cents to $3.11 and Contact Energy was up 5 cents to $4.91.

Fisher & Paykel Healthcare lost 8 cents to close the day at $2.23.

Steel & Tube Holdings was up 1 cent to $2.21, Abano Healthcare was up 4 cents to $4.04, Turners Auctions lost 6 cents to $1.36, and Rakon was up 1 cent to 53 cents

Sanford was down 9 cents to $4.03 in light trading, OceanaGold was down 7 cents to $3.01, Diligent Member Board Services shed 4 cents to $2.55, and Tower was down 3 cents to $1.40.

Energy Mad shed 15 cents to 55 cents after it announced it had cut its full year earnings forecast by two thirds.

In currency markets, at 5.20pm the New Zealand dollar was buying 80.6 US, 76.91 Australian, 51.87 pence, 62.12 yen, and .6257 euro. The Trade Weighted Index was at 71.62.