27 Aug 2009

NZ market lower at close of trade

10:48 pm on 27 August 2009

The New Zealand share market was down 14 points, or 0.47%, to 3076 at the close of trade on Thursday on turnover of $82 million.

Top stocks were lower. Telecom was down 4c a share to $2.71, Fletcher Building was down 1c at $7.83, while Contact Energy fell 6c to $6.40.

Air New Zealand was down 1c to $1.24 after announcing its full-year profit fell 90% from $218 million to $21 million.

Abano Healthcare rose 90c to $6.90 after announcing it is selling its New Zealand audiology business for $158 million.

Skellerup was down 3c to 53c after disclosing its full-year profit fell by a third to $9.2 million.

Nuplex was 18c higher at $2.34 after its full-year profit slumped 65% to $16.7 million.