By NZPA
Friday 20th April 2007 |
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The benchmark NZSX-50 index was down 6.27 points to 4174.39 at 10.10am.
Top stock Telecom fell 3c, as it did yesterday, to $4.82, and number two stock Fletcher Building was down 4c to $11.45.
Only three other stocks in the top 50 moved more than two cents -- Sky TV was down 5c to $6.20, Freightways down 3c to $4.21 and Hellaby was up 3c to $4.04.
Life Pharmacies was down 2c to 83c after filing its takeover offer for Pharmacy Brands.
On Wall Street, the Dow Jones Industrial Average finished at a record high above 12,800 points for a second straight day as robust earnings news fuelled modest gains for blue chips.
Better-than-expected earnings from financial heavyweight Bank of America helped support the Dow, which managed a slight gain from a day earlier.
The benchmark Dow index rose 5.20 points to 12,809.04 at the closing bell, notching up a new high after closing at 12,803.84 a day earlier.
The other US share gauges failed to keep their heads above water, however.
The broad-market Standard and Poor's 500 index lost 1.73 points to a preliminary close of 1,470.77 and the tech-dominated Nasdaq composite index ended down 5.15 points at 2,505.35.
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