9 Nov 2009

NZ sharemarket edges up

3:02 pm on 9 November 2009

The New Zealand sharemarket edged up at the start of the week, with the benchmark NZX 50 index up 5 points, or 0.2%, to 3165 during the first hours of trading on Monday.

Turnover was $32 million by 1.21pm.

Fletcher Building was up 4 cents to $7.99, Telecom fell 1 cent to $2.51 and Contact Energy rose 2 cents to $6.04.

Sky City Entertainment Group rose 3 cents to $3.42.

Fisher and Paykel Healthcare was down 6 cents to $3.14.

The Warehouse slipped 19 cents to $4.31.

Hallenstein Glasson was 1 cent after chief executive Roy Dillon said he will step down next March

Nuplex rose 1 cent to $2.55 after having lifting its full year profit forecast on Friday.

New Zealand Refining was 15 cents to $5.20.

AMP was down 10 cents to $7.30 after AXA Asia Pacific rejected a takeover bid.

In currency markets, the NZ dollar was trading at 73.28 US cents, 79.60 Australian, 44.02 pence, 65.76 yen and 0.4927 euro. The TWI was 65.51.

Across the Tasman, the Australian 200 index was up 62 points, or 1.3%, to 4656 in early trading.