15 Jun 2010

Sharemarket still subdued

5:19 pm on 15 June 2010

The New Zealand sharemarket was subdued for a second day, with the benchmark NZX50 index gaining just 1 point to 3043 on turnover of $46 million.

Fletcher Building was down 9 cents to $8.05, Telecom was up 2c to $1.90 and Contact Energy was down 5c to $5.89.

Auckland Airport was unchanged at $1.86, while Air New Zealand was down 2c to $1.16.

Fisher & Paykel Healthcare was down 3c to $3.20 and Fisher & Paykel Appliances was up 1c to 57c.

Sky City Entertainment Group was unchanged at $2.90, while Sky TV was up 16c to $4.80.

Port of Tauranga was down 9c to $6.75 after issuing a profit upgrade on Friday.

Vector was up 3c to $2.14 after announcing tax changes would boost its full-year profit by $20 million.

Across the Tasman, the ASX 200 was up 7 points, or 0.1%, to 4513.

The dollar was buying 69.30 US cents, 81.95 Australian cents, 47.03 pence, 63.45 yen and 0.5679 euro. The Trade Weighted Index was 67.21.