26 Feb 2009

NZ market ends trading day lower

8:46 pm on 26 February 2009

The New Zealand market was down slightly on Thursday, falling 2 points to 2497 on turnover of $50 million.

Telecom was down 5 cents to $2.41, Contact Energy fell 10c to $5.70 and Fletcher Building slid 10c to $5.25

Air New Zealand was up 1c to 82c after an 80% fall in its half-year profit

PGG Wrightson rose 7c to 79c after a $32 million loss.

Hellaby Holdings was down 10c to 60c after making a small half-year profit of $372 million.

Japanese share prices also ended slightly lower, giving up early gains as worries about the rapidly worsening economy weighed on sentiment, dealers said.

The benchmark Nikkei-225 index fell 3.29 points, or 0.04%, to end at 7,457.93.

The broader Topix index of all first-section shares declined 3.09 points, or 0.41%, to 742.53.

The Australian share market closed modestly stronger, thanks to gains in the financial, energy and industrial sectors.

The benchmark S&P/ASX200 index was up 18 points, or 0.54%, at 3,345.5, while the broader All Ordinaries index rose 15.9 points, or 0.48%, to 3,297.4.