19 Jun 2012

New Zealand market up on Monday

6:04 am on 19 June 2012

The benchmark NZX50 index rose 9 points (or 0.3%) to close at 3456 on turnover of $209 million on Monday.

When the markets closed the NZ dollar was at 79.29 US, 78.35 Australian, 50.44 pence, 62.76 yen and 0.6233 euro. The Trade Weighted Index was at 71.48.

Fletcher Building was up 1 cent at $6.33 after its CEO Jonathan Ling announced his departure from the end of September to be replaced by insider, Mark Adamson.

Telecom was up 1.5 cents at $2.49, Chorus was down 1 cent at $3.10 and Contact Energy was up 1 cent at $4.79.

Sky City Entertainment was up 5 cents at $3.54 and Sky Network TV was up 9 cents at $4.99.

Auckland International Airport was down 2 cents at $2.45, Fisher & Paykel Healthcare was up 3 cents at $2.15 and The Warehouse was down 2 cents to $2.51.

Trade Me was up 20 cents at $3.76 after its majority owner, Fairfax Media, reduced its stake from 66% to 51%, raising $204 million to reduce debt.

AMP was up 6 cents to $5.00, Vector was up 4 cents to $2.62, Tower was up 4 cents to $1.60, AWF was up 17 cents to $2.60, Abano Healthcare was up 10 cents to $4.15 and Hellaby Holdings was up 5 cents to $2.80.

Ebos was down 8 cents to $7.55, Xero was down 5 cents to $4.67, Diligent Board Member Services was down 5 cents to $3.51 and Tourism Holdings was down 5 cents to 55 cents.