Tuesday 16th September 2008 |
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The sharemarket plunged today with the NZSE50 down -2.79% to end the day at 3,227.
Top stock Telecom lost 4.4%, Contact Energy dropped 2.3%, and Fletcher Building retraced 3.9%.
In the retail sector, Michael Hill dropped 4.7%, Hallenstein Glasson lost 3.4%, Pumpkin Patch dipped 2.0% and The Warehouse Group was down 1.5%.
Among the losers were Heritage Gold down 11.54%, Postie Plus Group down 10.71%, AMP down 10.27%, Turners Auctions down 10.26% and Renaissance Corporation down 8.93%.
The financial sector was weaker today with ANZ dropping 3.6%, and Westpac down 2.4%.
Gains today included Mowbray Collectables up 44%, Dominion Finance up 20%, L & M Petroleum up 10.5%, Auckland International Airport up 1.0% and ING Medical Properties Trust gained 0.88%.
Plus SMS Holdings, whose CRE8 subsidiary provides mobile entertainment and connectivity services, said chief executive Chris Tiensch and chief financial officer Les Coates resigned. The shares fell 47% today.
Restaurant Brands NZ, which holds the local franchise for KFC, Pizza Hut and Starbucks, declined 1.54% after saying it lifted sales at its chicken outlets by 4.4% after sprucing up the stores and widening the menu.
At the close, the benchmark S&P/ASX200 was 66.9 points, or 1.39%, lower
at 4750.8
The blue-chip Dow Jones Industrial Average tumbled below 11,000 with a loss
of 504.48 points, or 4.42%, to 10,917.51. The Nasdaq composite plummeted 81.36
points, 3.60%, to 2,179.91 and the broad-market Standard & Poor's 500 index
lost 59 points, or 4.71%, to 1,192.70.
NZ Top 50 | 3,227.304 | -92.598 (-2.79%) |
ASX 200 | 4,750.800 | -66.900 (-1.39%) |
Dow | 10,917.51 | -504.48 (-4.42%) |
Nasdaq | 2,179.91 | -81.36 (-3.60%) |
FTSE 100 | 5,204.20 | -212.50 (-3.92%) |
AIA | 2.02 | +0.02 | ![]() |
AIR | 1.04 | -0.04 | ![]() |
AMP | 8.21 | -0.94 | ![]() |
ANZ | 19.60 | -0.74 | ![]() |
APN | 3.99 | 0.00 | ![]() |
APT | 1.07 | -0.02 | ![]() |
CAV | 2.80 | -0.16 | ![]() |
CEN | 8.70 | -0.20 | ![]() |
EBO | 4.60 | -0.15 | ![]() |
FBU | 7.07 | -0.29 | ![]() |
FPA | 1.72 | -0.05 | ![]() |
FPH | 3.08 | -0.08 | ![]() |
FRE | 3.26 | -0.09 | ![]() |
GFF | 1.72 | -0.03 | ![]() |
GMT | 1.18 | 0.00 | ![]() |
GPG | 1.23 | -0.04 | ![]() |
HLG | 2.86 | -0.10 | ![]() |
IFT | 2.08 | -0.07 | ![]() |
IMP | 1.15 | +0.01 | ![]() |
ING | 0.70 | -0.03 | ![]() |
KIP | 1.17 | -0.01 | ![]() |
LNN | 10.90 | 0.00 | ![]() |
MFT | 6.90 | -0.15 | ![]() |
MHI | 0.82 | -0.04 | ![]() |
MVN | 1.63 | -0.03 | ![]() |
NPX | 6.21 | -0.18 | ![]() |
NZO | 1.45 | -0.07 | ![]() |
NZR | 6.60 | -0.06 | ![]() |
NZS | 1.47 | -0.03 | ![]() |
NZX | 6.74 | -0.10 | ![]() |
PFI | 1.16 | 0.00 | ![]() |
PGW | 2.25 | -0.20 | ![]() |
POT | 6.75 | -0.15 | ![]() |
PPL | 1.49 | -0.03 | ![]() |
PRC | 1.63 | -0.12 | ![]() |
RAK | 2.68 | -0.07 | ![]() |
RYM | 1.78 | -0.14 | ![]() |
SAN | 5.60 | -0.25 | ![]() |
SKC | 3.57 | -0.08 | ![]() |
SKL | 0.99 | 0.00 | ![]() |
SKT | 4.50 | -0.07 | ![]() |
STU | 3.38 | -0.13 | ![]() |
TEL | 2.80 | -0.13 | ![]() |
THL | 1.30 | -0.10 | ![]() |
TLS | 5.04 | -0.14 | ![]() |
TPW | 8.20 | -0.05 | ![]() |
TWR | 1.98 | -0.12 | ![]() |
VCT | 2.19 | -0.04 | ![]() |
WBC | 27.45 | -0.68 | ![]() |
WHS | 3.25 | -0.05 | ![]() |
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