9 Jul 2010

Sharemarket closes up 0.7% on busier day

7:12 pm on 9 July 2010

The benchmark NZX50 index rose 21 points, or 0.7%, on Friday to close out the week at 3005, on turnover of $64 million.

Of the three major stocks, Fletcher Building was unchanged at $7.75, Telecom was up 5c to $1.92 and Contact Energy dropped 3c to $5.83.

Fisher & Paykel Healthcare was down 2c at $3.09 and Auckland Airport down 1c at $1.92, while NZ Refinery gained 10c to $3.10 and Nuplex 3c to $2.98.

Sky City Entertainment was down 1c to $2.89, and Sky Television up 8c to $4.72.

New Zealand Oil and Gas gained 3c to finish on $1.27.

In the currency markets, the NZ dollar was buying 71.05 US, 81.06 Australian, 46.96 pence, 62.90 yen and .5601 euro, while the TWI stood at 67.39.

Australian market more positive

The Australian sharemarket finished the week in positive territory, led by gains in the mining and energy sectors.

The benchmark S&P/ASX200 index was up 39.4 points, or 0.9%, at 4396.3, while the broader All Ordinaries index was up 40.4, or 0.92%, to 4414.5.