Monday 23rd June 2008 |
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A Colmar Brunton survey released suggested that consumer confidence is improving from very weak levels, however its findings are in contrast to the fortnightly Roy Morgan survey.
Telecom was up 1.1%, closing at $3.77, after it announced its new General Counsel Tristan Gilberston. This completes the Telecom executive line up.
Fletcher Building ($6.58,+17c) was up 2.7% after its terrible week last week, as was Fisher and Paykel Healthcare ($2.22,+8c) up 3.7%. Fisher and Paykel Appliances ($1.91,-4c) was down 2.1% however this was as a result of the share going ex dividend.
New Zealand Oil and Refining ($6.85,+45c) was up 7.0% after being sold off heavily on Friday.
Delegats did not trade today after it announced a bumper 2008 harvest volume and upgraded there FY08 profit guidance.
US stocks fell sharply on Friday with the Dow closing below 12,000 for the first time since mid-March as rising oil prices and warnings of more mortgage-related write-downs at banks reignited investor fears of worse to come. The S&P ASX 200 opened at 5,211 and managed to claw back some ground during the day to close at 5,283, which was just down 4 points from Friday's close.The main changes in the NZ market:
AFFCO Holdings | up 2 | to $ .44 |
Contact Energy | up 8 | to $ 8.23 |
F&P Healthcare Corp | up 8 | to $ 2.22 |
Fletcher Building | up 17 | to $ 6.58 |
NZ Refining Co | up 45 | to $ 6.85 |
Pike River | up 2 | to $ 2.02 |
Sanford | up 25 | to $ 5.10 |
Sky City Entertainment | up 5 | to $ 3.25 |
Telecom Corp of NZ | up 4 | to $ 3.77 |
Templeton EM IT Plc Ord | up 5 | to $ 10.80 |
AMP | down 12 | to $ 8.25 |
Air New Zealand | down 4 | to $ 1.10 |
Auckland Intl Airport | down 5 | to $ 1.91 |
Caledonia Investment plc | down 99 | to $ 48.00 |
Goodman Fielder | down 2 | to $ 1.74 |
Guinness Peat Group Plc | down 3 | to $ 1.45 |
Michael Hill Intl | down 6 | to $ .79 |
Ryman Healthcare | down 6 | to $ 1.62 |
Telstra Corp | down 14 | to $ 5.41 |
Westpac Banking Corp | down 11 | to $ 25.99 |
NZ Top 50 | 3,287.557 | +4.131 (+0.13%) |
ASX 200 | 5,283.700 | -4.600 (-0.09%) |
Dow | 11,842.69 | -220.40 (-1.83%) |
Nasdaq | 2,406.09 | 0.00 (0.00%) |
FTSE 100 | 5,673.20 | +52.40 (+0.93%) |
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