12 Jun 2009

Midday markets

2:54 pm on 12 June 2009

The sharemarket is flat in trading, with the NZX 50 index unchanged at 27 96 on turnover of $47 million at 12.25pm.

Telecom is down 2c to $2.53, Fletcher Building unchanged at $6.75, and Contact Energy up 5c to $5.74.

Fisher and Paykel Healthcare down 5c to $2.96.

New Zealand Oil and Gas remain unchanged after saying Kupe will be commissioned in the last quarter of the year.

Lyttelton Port is up 15c to $2.45.

Hellaby Holdings up 2c to 87c.

NZ Farming Systems Uruguay is up 3c to 53c.

Rakon is up 6c to $1.60.

Across the Tasman, the Australian 200 index is up 2 points to 40 48.

In currency markets, the NZ dollar is at 62.45 US cents, 78.73 Australian, 38.85 pence, 62.91 Yen, point 563 euro and the TWI stands at 60.64.