26 Jan 2012

NZ market relatively flat on Thursday

6:48 pm on 26 January 2012

The New Zealand sharemarket was relatively flat on Thursday.

The benchmark NZ50 closed up 1.5 points to 3281 on turnover of $53 million.

The Australian market was closed for the Australia Day public holiday.

In currency markets at 5.20pm, the NZ dollar was at 81.68 US, 77.05 Australian cents, 52.18 pence, 63.54 yen and 0.6233 euro. The Trade Weighted Index was at 72.12.

Fletcher Building was up 5 cents at $6.40, Telecom was down 0.5 cents to $2.13, Chorus was up 6 cents to $3.24 and Contact Energy was down 2 cents to $4.75.

Fisher & Paykel Healthcare was down 3 cents at $2.15, Auckland Aiport was down 3 cents at $2.48 and The Warehouse was up 4 cents to $3.07.

Sky City Entertainment was up 4 cents to $3.60 and Sky Network TV was down 9 cents to $5.08.

Air NZ was up 1.5 cents to 90 cents after saying it will scale back flights to London due to weaker demand and Vector was up 5 cents at $2.61.

Xero was up 34 cents to $2.89 after saying it expects 2011 revenue to be more than double that in 2010.

Summerset was down 1 cent to $1.41.

Trademe was up 1 cent to $2.89.