Friday 10th December 2010 |
Text too small? |
The New Zealand sharemarket was flat in early trading after leading companies were weaker yesterday following a dovish outlook for the economy from the Reserve Bank.
Around 10.20am the benchmark NZX-50 index was up 0.65 points to 3281.2, having yesterday closed down 13.8 points.
Telecom (NZX: TEL ) slipped 1c early to 208 after dropping 6c yesterday, while Fletcher Building (NZX: FBU ) which also lost 6c yesterday, was unchanged at 782. Contact Energy (NZX: CEN ) did regain in early trading the 4c it lost yesterday, but only on low volume.
Cavalier Corp (NZX: CAV ) was up 2c to 302, Auckland Airport (NZX: AIA ) gained 2c to 209, Pumpkin Patch (NZX: PPL ) added 2c to 163, Wakefield Health (NZX: WFD ) was up 5c to 595, and Kirkcaldie & Stains (NZX: KRK ) lifted 5c to 250, Hellaby Holdings (NZX: HBY ) lost 3c to 201, Restaurant Brands (NZX: RBD ) lost 2c to 265, and NZ Oil & Gas (NZX: NZO ) lost 2c to 89.
In the US, stocks indices ended little changed as a recent rise in bond yields and uncertainty over tax-cut legislation unsettled investors.
The Dow Jones industrial average dropped 0.02% to 11,370.13, according to preliminary figures. The Standard & Poor's 500 Index gained 0.4% to 1233.00, and the Nasdaq Composite Index gained 0.3% to 2616.67.
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes