9 Sep 2010

New Zealand market down nine points

6:24 pm on 9 September 2010

The New Zealand share market slipped on Thursday, with the benchmark NZX50 index falling 9 points to close at 3151 on turnover of $75 million.

Fletcher Building finished up 6 cents to $8.22, Contact Energy was up 3c to $5.71, Telecom was down 11c to $2.01, Vector was unchanged at $2.08, Sky City Entertainment was unchanged at $2.87 and Sky Network Television was up 5c to $5.15.

Fisher & Paykel Healthcare was down 2c to $3.00, Mainfreight was up 3c to $6.87, Steel & Tube was up 4c to $2.46 and NZX was unchanged at $1.49

Windflow Technology was down 5c to $1.10 after it said warranty costs and remedial work would hit its full-year earnings. The Warehouse was up 3c to $3.69.

Across the Tasman, the Australian 200 index was up 36 points to 4573.

The dollar was buying 72.20 US cents, 78.38 Australian cents, 46.73 pence, 60.50 yen and 0.5690 euro. The Trade Weighted Index was 67.09.