Market close: Shares close slightly higher

Monday 1st September 2008

The sharemarket rose slightly today with the NZSE50 up 0.13% to end the day at 3,357.

Top stock Telecom closed down 1.2% after going ex-dividend today. Fletcher Building finished down 3.7% and Contact Energy closed flat.

In the retail sector, Hallenstein Glasson added 1.7% and The Warehouse Group increased 0.6%, while Pumpkin Patch and Michael Hill closed unchanged.

Other major gainers included Pacific Brands 11.3%, Dorchester Pacific up 11.11%, L & M Petroleum up 5.56%, Skellerup 4.4%, Cavalier 3.2%, Pike River Coal 3.2%, Rakon 3.93% and SkyCity Entertainment 3.3%.

On the downwards decline, BLIS Technologies 18.75%, Plus SMS down 10%, Wellington Drive Technologies down 9.09%, Vector 2.2%, and Air New Zealand 2.6%.

Northland Port which owns a half stake in the port facilities at Marsden Point near Whangarei, was up 4.23% today after reporting a 7.7% gain in full-year profit after an asset sale.

Dominion Finance Holdings, whose shares have lost almost 100% of their value, increased its provision for bad debts to NZ$80 million and will write off NZ$26.6 million of goodwill after failing to win support to recapitalise the business. Their shares closed unchanged today at 2.5 cents.

After four positive days, the benchmark S&P/ASX200 index was down 17.3 points, or 0.34%, to 5118.3. The broader All Ordinaries fell 15.5 points, or 0.3%, to 5200.

The Dow closed down 1.5% at 11,544, the Nasdaq lost 1.8% to 2,367and the broader S&P 500 dropped 1.4% to finish at 1,282.

NZ Top 50	3,357.704	+4.461 (+0.13%)
ASX 200	5,118.300	-17.300 (-0.34%)
Dow	11,543.55	-171.63 (-1.47%)
Nasdaq	2,367.52	-44.12 (-1.83%)
FTSE 100	5,636.60	+35.40 (+0.63%)

AIA	2.11	-0.01
AIR	1.12	-0.03
AMP	8.72	+0.22
ANZ	20.25	-0.05
APN	4.05	0.00
APT	1.05	+0.01
CAV	2.90	+0.09
CEN	8.36	0.00
EBO	4.95	0.00
FBU	7.20	-0.28
FPA	1.77	+0.01
FPH	3.16	+0.01
FRE	3.40	+0.04
GFF	1.85	+0.05
GMT	1.14	+0.01
GPG	1.39	-0.02
HLG	2.95	+0.05
IFT	2.33	+0.03
IMP	1.08	-0.01
ING	0.75	-0.01
KIP	1.09	-0.02
LNN	10.90	+0.31
MFT	7.05	-0.02
MHI	0.84	0.00
MVN	1.66	0.00
NPX	6.40	0.00
NZO	1.60	+0.02
NZR	7.59	+0.19
NZS	1.59	0.00
NZX	6.85	-0.02
PFI	1.13	+0.01
PGW	2.73	-0.01
POT	7.10	+0.08
PPL	1.59	0.00
PRC	1.95	+0.06
RAK	2.91	+0.11
RYM	1.70	-0.02
SAN	6.00	+0.08
SKC	3.72	+0.12
SKL	0.94	+0.04
SKT	4.93	+0.08
STU	3.52	+0.04
TEL	3.23	+0.04
THL	1.49	-0.02
TLS	5.30	-0.02
TPW	7.90	-0.01
TWR	2.22	+0.01
VCT	2.27	-0.05
WBC	28.75	-0.16
WHS	3.37	+0.02

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