8 Jul 2009

NZ market slightly higher at close

11:12 pm on 8 July 2009

The New Zealand market was up 4 points, or 0.2%, to 2750 at the close of trade on Wednesday.

Top stocks were mixed. Telecom rose 10 cents to $2.80, Fletcher Building was up 6c to $6.41, but Contact Energy fell 2c to $5.63.

The Australian share market closed flat following a negative lead from United States markets.

At the 1615 AEST close, the benchmark S&P/ASX200 index was 1 point, or 0.03%, higher at 3767.9, while the broader All Ordinaries index shed 1.8 points, or 0.05%, to 3,766.0 points.

Japanese shares fell for a sixth straight session on Wednesday, hitting the lowest level in more than a month as worries deepened about the economic outlook and a stronger yen, dealers said.

The benchmark Nikkei-225 index dropped 227.04 points, or 2.35%, to 9,420.75, sinking below the key 9,500-level for the first time since 1 June.

The broader Topix index of all first section shares lost 20.59 points, or 2.26%, to 888.54.