12 Aug 2009

NZ market finishes day higher

10:27 pm on 12 August 2009

The New Zealand share market closed up 24 points, or 0.79%, to 3079 on a turnover of $63 million on Wednesday.

Top stocks were mixed. Telecom was up 4 cents at $2.76, while Fletcher Building soared 56c to $7.58 after better than expected results. Contact Energy fell 9c to $6.25.

The Australian share market reversed early resource-led losses and a weak lead from Wall Street to close in positive territory.

The benchmark S&P/ASX 200 index was up 11.1 points, or 0.26%, at 4,343.1 points, while the broader All Ordinaries index rose 11.5 points, or 0.27%, to 4,345.9 points.

Japanese share prices closed down 1.42% as investors took profits a day after the market touched a new 10-month high on economic recovery hopes.

The benchmark Nikkei-225 index slipped 150.46 points to 10,435.00.

The broader Topix index of all first section shares fell 13.64 points, or 1.40%, to 959.87.