8 Jun 2012

Market closes lower

7:46 pm on 8 June 2012

The NZX50 fell 24 points, or 0.7%, to close at 3499 on turnover of $93 million on Friday.

In currency markets, the New Zealand dollar was at 76.40 US cents, 77.40 Australian cents, 49.33 pence, 60.62 yen, 0.6102 euro and The Trade Weighted Index stood at 69.63.

Fletcher Building was down 8 cents to $6.21, Telecom was down 6 cents to $2.435 after confirming half year earnings will be near $190 million and it will delist from the NYSE.

Chorus was down 6 cents to $3.14, Contact Energy down 6 cents to $4.70, Fisher & Paykel Healthcare was unchanged at $2.10 and Fisher & Paykel Appliances was up 2.5 cent to 56 cents.

Sky City Entertainment down 3 cents at $3.53, Auckland International Airport down 3 cents to $2.50 and Air New Zealand was up 1 cent to 86.5 cents.