20 Dec 2012

New Zealand share market up

7:01 pm on 20 December 2012

The benchmark NZX50 index closed up 52 points, or 1.3%, to close at 4075, with a turnover of $164 million on Thursday.

When the markets closed, the NZ dollar was slightly down, buying 83.42 US, 79.67 Australian, 51.34 pence, 70.14 yen and 0.6312 euro. The Trade Weighted Index was at 74.44.

Rakon was down 4 cents to 37 cents after downgrading its profit forecast. Veritas Investments was up 1 cent to 7 cents, after announcing it is buying the Mad Butcher franchise for $40m.

Auckland Airport was up 1.5 cents to $2.695, Air New Zealand was unchanged at $1.29 and AMP was up 5 cents to $6.05.

Contact Energy was up 16 cents to $5.34, Chorus was up 12 cents to $2.84 and Diligent Board Member Services was up 29 cents to $5.30.

Fletcher Building was down 18 cents to $8.45, Freightway was up 12 cents to $4.37 and Mainfreight was up 45 cents to $11.75.

Heartland New Zealand was down 2 cent to 68 cents.

Refining NZ was up 3 cents at $2.50, Ryman Healthcare was up 5 cents to $4.43 and Trade Me was down 5 cents to $3.91.