13 Nov 2009

NZX follows Wall St down

8:30 pm on 13 November 2009

The New Zealand sharemarket has declined following losses on Wall Street, with the benchmark NZX 50 index down 14 points, or 0.4%, to 31.58 on Thursday.

Fletcher Building is down 8 cents to $8.00, Telecom up 1 cent to $2.56 and Contact Energy down 15 cents to $5.94.

Sky City Entertainment Group is down 3 cents to $3.35, Sky Network Television up 2 cents to $4.95, and AMP up 2 cents to $7.92.

The Warehouse is down 19 cents at $4.11 as quarterly sales fell 1% to about $383 million.

New Zealand Oil and Gas is down 3 cents to $1.69, while Rakon is flat at $1.17 after posting a $6.2 million half-year loss on Thursday.

In currency markets shortly after 5pm, the New Zealand dollar was trading at 73.30 US, 79.20 Australian, 44.18 pence, 66.12 yen and 0.4930 euro. The TWI was 65.50.

Australia down too

The Australian share market closed lower on Friday, following weak overseas leads and profit-taking by investors.

The benchmark S&P/ASX200 index fell 41.5 points, or 0.87%, to 4,706.4, while the broader All Ordinaries dipped 35.6 points, or 0.75%, to 4,722.6.