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Monday 14th July 2008 |
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The market dropped today on the back of more worries in the US mortgage market, with the NZSE50 down -1.32% to end the day at 3,080.
Top stock Telecom fell 2.1%, Fletcher Building lost 2.0% and Contact Energy plunged 2.6%. Fisher&Paykel Healthcare and Auckland Airport dropped more than 2% each, Mainfreight shed 1.3% and Ebos declined 6.7%.
New Zealand Oil & Gas jumped 5.9% after oil held steady near recent highs. Other gainers included Pike River Coal 5.9%, F&P Appliances 1.6% and SkyCity 0.7% after the company reiterated its profit forecast.
Retailer The Warehouse tumbled 3.5% on disappointing retail sales data. Among other retailers, Hallenstein Glasson rose 2.3%, but Michael Hill lost 1.3% and Pumpkin Patch declined 0.7%.
The benchmark S&P/ASX 200 index fell 58.9 points to 4921.0 with finance leading the fall on continued concerns about credit markets.
The Dow closed down 128.48 points or 1.1% at 11,100.54, the Nasdaq closed down
18.77 or 0.8% at 2,239.08 and the S&P 500 closed down 13.90 points or 1.1%
at 1,239.49. Investors battled with continued weakness in the financial sector,
as well as soaring oil prices
| NZ Top 50 | 3,080.103 | -41.442 (-1.33%) |
| ASX 200 | 4,921.000 | -58.900 (-1.18%) |
| Dow | 11,100.54 | -128.48 (-1.14%) |
| Nasdaq | 2,239.08 | -18.77 (-0.83%) |
| FTSE 100 | 5,331.70 | +70.10 (+1.33%) |
| NZX TOP 50 |
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As at:
14/07/2008 5:34pm
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| CODE |
LAST |
+/- |
 |
| AIA | 1.90 | -0.04 |
 |
| AIR | 1.08 | -0.01 |
|
| AMP | 8.27 | +0.12 |
 |
| ANZ | 22.41 | -0.65 |
|
| APN | 3.90 | 0.00 |
 |
| APT | 1.05 | -0.01 |
|
| CAV | 2.15 | +0.01 |
|
| CEN | 7.40 | -0.20 |
|
| EBO | 4.20 | -0.30 |
|
| FBU | 6.25 | -0.13 |
|
| FPA | 1.95 | +0.03 |
|
| FPH | 2.30 | -0.05 |
|
| FRE | 2.96 | -0.05 |
|
| GFF | 1.73 | +0.01 |
|
| GMT | 1.07 | -0.02 |
|
| GPG | 1.31 | -0.02 |
|
| HLG | 2.63 | +0.06 |
|
| IFT | 1.92 | -0.04 |
|
| IMP | 1.11 | 0.00 |
|
| ING | 0.85 | -0.01 |
|
| KIP | 1.11 | -0.02 |
|
| LNN | 10.66 | -0.20 |
|
| MFT | 6.32 | -0.08 |
|
| MHI | 0.76 | -0.01 |
|
| MVN | 1.59 | -0.01 |
|
| NPX | 5.17 | +0.01 |
|
| NZO | 1.80 | +0.10 |
|
| NZR | 6.51 | -0.39 |
|
| NZS | 1.82 | 0.00 |
|
| NZX | 7.10 | -0.19 |
|
| PFI | 1.14 | 0.00 |
|
| PGW | 2.55 | -0.05 |
|
| POT | 6.30 | -0.10 |
|
| PPL | 1.43 | -0.01 |
|
| PRC | 2.16 | +0.12 |
|
| RAK | 2.78 | -0.02 |
|
| RYM | 1.61 | -0.03 |
|
| SAN | 5.13 | -0.05 |
|
| SKC | 3.02 | +0.02 |
|
| SKL | 0.84 | 0.00 |
|
| SKT | 4.15 | -0.02 |
|
| STU | 2.63 | +0.03 |
|
| TEL | 3.32 | -0.07 |
|
| THL | 1.40 | 0.00 |
|
| TLS | 5.63 | 0.00 |
|
| TPW | 7.67 | -0.03 |
|
| TWR | 1.96 | +0.01 |
|
| VCT | 1.99 | +0.01 |
|
| WBC | 24.40 | +0.59 |
|
| WHS | 3.86 | -0.14 |
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