11 Jun 2010

NZ and Australian markets up

9:18 pm on 11 June 2010

The benchmark NZX 50 index closed 39 points higher, or 1.3%, to 3041 on turnover of $52 million on Friday.

Across the Tasman, the ASX 200 index was up 58 points, or 1.3%, to 4494.

On currency markets, the NZ dollar is buying 68.08 US, 80.67 Australian, 46.24 pence, 62.35 yen and 0.5621 euro.

The Trade Weighted Index was at 66.37.

Fletcher Building was up 10 cents to $8.10, Telecom closed 4c higher at $1.91 and Contact Energy rose 11c to $5.84.

Auckland Airport was up 2c to $1.87, and Air New Zealand rose 1c to $1.17.

Fisher & Paykel Healthcare shares increased by 1c to $3.23 and Fisher & Paykel Appliances rose 2c to 55c.

Sky City Entertainment Group remained unchanged at $2.90.

NZ Oil & Gas rose 2c to $1.43, Pike River Coal was up 2 cents to 95c.

Meanwhile, NZX was down 8c to $1.50.

PGG Wrightson increased 2c to 56c after announcing it was splitting its business in two.

Port of Tauranga was up 25c to $6.80 after issuing a profit upgrade.

Allied Farmers was up 0.3c to 5 c after announcing it had conditionally sold one of its biggest assets, the Five Mile property development in Queenstown, for an undisclosed sum.