7 Jun 2011

NZ market up, Australian down

12:45 pm on 7 June 2011

The New Zealand stock market was up on Tuesday, but the Australian was down.

At 12:05pm, the NZX50 index was up 13 points, or 0.4%, at 3528 on turnover of $42 million.

Across the Tasman, the ASX200 was down 16 points, or 0.3%, at 4554.

The New Zealand dollar was trading at 81.54 US cents, 75.99 Australian cents, 49.88 pence, 65.37 yen and 0.5590 euro. The Trade Weighted Index was at 69.84.

Fletcher Building was up 2 cents to $8.89, Contact Energy was up 3c to $5.88 and Telecom was down 1c to $2.385.

Air New Zealand was down 3c to $1.04 after Virgin Australia, in which it has a 15% stake, formed an alliance with Singapore Airlines to sell seats on each other's international and domestic flights.

Auckland International Airport Ltd was up 1c to $2.305.

Fisher & Paykel Appliances was unchanged at 64.5c and Fisher & Paykel Healthcare was up 2c at $2.98. Nuplex was up 3c at $3.13.

Sky City Entertainment was up 5c at $3.63, Sky Television was up 4c at $5.72 and Freightways was up 9c to $3.35.

Vital Healthcare was up 1c at $1.17 after selling a hospital laundry and sterilisation facility in Point Chevalier for $12.5 million.