25 Jul 2011

NZ and Australian markets down

10:21 pm on 25 July 2011

The benchmark NZX50 index fell 21 points, or 0.6%, to 3428 on turnover of $62 million at close of trading on Monday.

In currency markets, the NZ dollar was at 86.36 US, 79.92 Australian, 53.07 pence, 67.85 yen and 0.6021 euro. The TWI stands at 74.07.

Fletcher Building was down 2 cents to $8.24, Contact Energy down 6 cents to $5.29, and Telecom down 3.5 cents to $2.64.

Sky City Entertainment Group was up 7 cents at $3.72, Sky Network TV up 3 cents at $5.83, and Fisher & Paykel Healthcare down 7 cents at $2.47.

The Warehouse fell 2 cents to $3.57, while Hallenstein Glassons was up 2 cents to $3.53.

NZ Oil and Gas was down 11 cents to 73 cents, and Pan Pacfic Petroleum down 1.5 cents to 16 cents, after the Tui Oil field's reserves were cut by a fifth by the field's operator, AWE.

Methven was down 1 cent to $1.56 after announcing last week that its full-year profit would double to $9 million, due to its British business returning to profit and lower operating costs.

Tourism Holdings was up 3 cents to 68 cents, AMP down 25 cents to $5.85, Delegats Group up 3 cents to $2.10,and Steel and Tube down 4 cents to $2.53. Diligent was up 1 cent to $1.29.

Charlie's was unchanged at 43 cents after Asahi's bid to buy the juice maker was approved by the Overseas Investment Office.