20 Feb 2012

NZ and Australian markets close higher

7:26 pm on 20 February 2012

The New Zealand and Australian markets closed higher on Monday.

The NZX50 closed up 27 points to 3316 on a turnover of $45 million as at 5.08pm.

Across the Tasman the ASX 200 was up 51 points at 4247.

The New Zealand dollar was trading at 84.10 US cents, 78.08 Australian cents, 52.99 pence, 66.95 yen, 0.6369 euro and the Trade Weighted Index was at 74.05.

Fletcher Building was up 7 cents to $6.50, Telecom up 1.5 cents to $2.16, Chorus down 2 cents to $3.23 and Contact down 2 cents to $4.78.

Sky City Entertainment was up 11 cents to $3.77, Sky Television was up 5 cents to $5.06.

Tower was up 3 cents to $1.48, Michael Hill was up 1 cent to 93 cents and

NZX Limited was up 18 cents to $2.77.