8 Sep 2011

New Zealand and Australian stock markets up

4:20 am on 8 September 2011

The New Zealand and Australian stock markets were up on Wednesday.

The NZX50 index rose 30 points, or 0.9% on Wednesday to 3301 on turnover of $75 million.

The Australian market's been boosted by figures showing Australia's economic growth has bounced back, with Gross Domestic Product growing 1.2% in the June quarter.

The Australian 200 index is up 97 points, 2.3%, at 4172.

In currency markets, at 5.20pm the New Zealand dollar was buying 82.75 US cents, 78.12 Australian cents, 51.8 pence, 64.01 yen and 0.5892 euro. The Trade Weighted Index was at 71.52.

Fletcher Building was up 11 cents to $7.69 and Contact Energy was up 15 cents at $5.37.

Telecom was up 4 cents at $2.48.

Sky City Entertainment was up 1 cent at $3.49, Sky Network Television was down 29 cents to $5.50, Auckland International Airport was up 1 cent at $2.27 and Air New Zealand was down 1 cent at $1.10.

Fisher & Paykel Healthcare was down 1 cent at $2.15, The Warehouse was unchanged at $3.41 and Kathmandu was down 1 cent to $2.

NZX was up 5 cents at $2.32.

NZ Refining remained unchanged at $3.40 and NZ Oil & Gas was up 1 cent to 69 cents.