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Tuesday 8th July 2008 |
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Whilst overseas markets dipped, the New Zealand market bucked the trend and surged upwards today, with the NZSE50 up 1.25% to end the day at 3,161.
Top stock Telecom jumped 2.7%, the second-ranked Contact Energy advanced 1.6%
and Fletcher Building surged 5.0%. The retail sector was mixed with The Warehouse
Group gaining 0.8%, Michael Hill rising 1.3%, however Pumpkin Patch fell 2.6%
while Hallenstein Glasson was unchanged.
Among other major gainers, Auckland International Airport jumped 4.3%, Goodman
Fielder soared 4.1%, Lion Nathan increased 4.5% and energy stock Vector climbed
1.0%. New Zealand Oil and Gas added 1.2%
The benchmark S&P/ASX200 index closed 1.39% lower at 4932.9, while the broader All Ordinaries lost 1.36% to 5022.4 with banks and energy shares pulling it down.
U.S. stocks fell overnight on lingering concerns about the financial sector. The leading Dow Jones Industrial Average declined 56.58 points, or 0.50%, to end at 11,231.96. The Nasdaq composite dropped 2.06 points, or 0.09%, to 2,243.32 while the Standard & Poor's 500 index fell 10.59 points, or 0.84%, to 1,252.31.
| NZ Top 50 | 3,160.586 | +39.141 (+1.25%) |
| ASX 200 | 4,936.400 | -66.100 (-1.32%) |
| Dow | 11,231.96 | -56.58 (-0.50%) |
| Nasdaq | 2,243.32 | -2.06 (-0.09%) |
| FTSE 100 | 5,512.70 | +99.90 (+1.85%) |
| NZX TOP 50 |
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As at:
8/07/2008 5:34pm
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| CODE |
LAST |
+/- |
 |
| AIA | 1.95 | +0.08 |
 |
| AIR | 1.10 | +0.01 |
|
| AMP | 8.25 | -0.15 |
 |
| ANZ | 23.91 | -0.42 |
|
| APN | 3.90 | 0.00 |
 |
| APT | 1.10 | -0.02 |
|
| CAV | 2.20 | -0.05 |
|
| CEN | 7.72 | +0.12 |
|
| EBO | 4.20 | 0.00 |
|
| FBU | 6.53 | +0.31 |
|
| FPA | 1.86 | +0.03 |
|
| FPH | 2.30 | +0.01 |
|
| FRE | 3.00 | 0.00 |
|
| GFF | 1.80 | +0.07 |
|
| GMT | 1.18 | -0.02 |
|
| GPG | 1.35 | -0.02 |
|
| HLG | 2.60 | 0.00 |
|
| IFT | 1.86 | +0.03 |
|
| IMP | 1.11 | -0.01 |
|
| ING | 0.86 | -0.02 |
|
| KIP | 1.14 | -0.02 |
|
| LNN | 11.29 | +0.49 |
|
| MFT | 6.40 | +0.11 |
|
| MHI | 0.76 | +0.01 |
|
| MVN | 1.60 | +0.02 |
|
| NPX | 5.00 | -0.05 |
|
| NZO | 1.72 | +0.02 |
|
| NZR | 6.97 | -0.03 |
|
| NZS | 1.78 | 0.00 |  |
| NZX | 7.40 | +0.05 |
|
| PFI | 1.18 | 0.00 |
|
| PGW | 2.57 | +0.02 |
|
| POT | 6.35 | +0.10 |
|
| PPL | 1.48 | -0.04 |
|
| PRC | 2.10 | -0.08 |
|
| RAK | 2.80 | +0.04 |
|
| RYM | 1.64 | 0.00 |
|
| SAN | 5.10 | -0.05 |
|
| SKC | 3.15 | -0.02 |
|
| SKL | 0.81 | 0.00 |
|
| SKT | 4.20 | -0.05 |
|
| STU | 2.51 | +0.03 |
|
| TEL | 3.47 | +0.09 |
|
| THL | 1.31 | -0.02 |
|
| TLS | 5.48 | +0.01 |
|
| TPW | 7.33 | -0.07 |
|
| TWR | 1.95 | -0.02 |
|
| VCT | 1.94 | +0.02 |
|
| WBC | 25.15 | +0.15 |
|
| WHS | 3.98 | +0.03 |
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