11 Jan 2010

NZ market down at close

7:28 pm on 11 January 2010

The New Zealand share market was down 6 points, or 0.2%, to 3304 at the close of trade on Monday. Turnover was $72.1 million.

Fletcher Building gained 12 cents to $8.44 per share, Contact Energy was up 2c to $6.34, while Telecom fell 4c to $2.55.

Auckland Airport International Ltd was down 6c to $2.02 after announcing it is buying a 24.55% stake in Cairns and Mackay airports in Queensland for $A132 million.

Sky City Entertainment was down 5c to $3.40, while Sky Television lost 1c to $5.17

Retailer The Warehouse was down 1c to $4.10, while Kathmandu gained 10c to $2.

Australian market reaches 15-month high

In Australia, the mining and energy sectors led gains on the share market on Monday, pushing the major indices to 15-month highs.

The ASX 200 finished up 39 points to 4,951, its highest level since September last year.

The All Ordinaries index was also 0.8% higher at 4,981.

Mining stocks closed more than 2% higher after an increase in metal prices, and news that China's commodity imports continued to soar in December, the ABC website reports.

BHP Billiton was up 2% to $US44.47 per share, while Rio Tinto gained A99c to $A80.