9 Nov 2009

NZ market creeps up

5:53 pm on 9 November 2009

The benchmark NZX 50 index closed on Monday up 5 points, or 0.2%, to 31.65 on turnover of $74 million.

Fletcher Building was up 4 cents to $8.01, Telecom unchanged at $2.52 and Contact Energy up 2 cents to $6.04.

Sky City Entertainment Group was down 2 cents to $3.37, Fisher & Paykel Healthcare down 4 cents to $3.16 and The Warehouse down 20 cents to $4.30.

Infratil was up 4 cents to $1.60, and Nuplex up 4 cents to $2.58 after lifting its full year profit forecast last Friday.

Hallenstein Glasson rose 1 cent after chief executive Roy Dillon said he'll step down next March

New Zealand Refining rose 25 cents to $5.30, while AMP is unchanged at $7.40 after Axa Asia Pacific rejected a takeover bid from the insurer and fund manager

Across the Tasman, the Australian 200 index in mid-afternoon trading was up 78 points, or 1.7%, to 46.72.

In currency markets, the NZ dollar was trading at 73.66 US cents, 79.53 Australian, 44.06 pence, 66.34 yen and 0.4934 euro. The TWI is 65.72.