7 Aug 2009

NZ market higher at close of trading week

8:58 pm on 7 August 2009

The New Zealand share market finished the week slightly higher, up 12 points to 3068.

Telecom was up 2 cents to $2.77, Fletcher Building fell 3c at $7.32 and Contact Energy was unchanged at $6.50.

Sky City Entertainment Group rose 13c to $3.39 and Air New Zealand was up 3c to $1.18.

NZX fell 10c to $7.61 after asset sales pushed up its half-year profit twelve-fold to $60.8 million.

The Australian sharemarket closed lower on Friday, pulled down by mining and financial stocks on investor nervousness ahead of the publication US labour market data that will give some indication as to the extent of recovery in the American economy.

At the 1615 AEST close, the benchmark S&P/ASX 200 index was down 26.9 points, or 0.62%, at 4299.4, while the broader All Ordinaries index had fallen 27.9 points, or 0.64%, to 4303.1.

Japanese share prices ended narrowly mixed as investors refrained from active buying ahead of the US jobs data.

The benchmark Nikkei-225 index edged up 24.00 points, or 0.23%, to 10,412.09. The broader Topix index of all first section shares slipped 0.75 points, or 0.08%, to 956.76.

Hong Kong share prices closed down 2.51% as investors were worried that China's central bank would tighten credit conditions, dealers said. The benchmark Hang Seng Index plunged 523.87 points to 20,375.37.