15 Dec 2009

NZ market up, Australia down

8:52 pm on 15 December 2009

The benchmark NZX 50 index closed up 18 points, or 0.6%, to 3117 on turnover of $48 million on Tuesday.

Fletcher Building was up 12 cents to $7.72 and Telecom up 5 cents to $2.40, while Contact Energy was down 7 cents to $5.63.

Fisher & Paykel Healthcare was up 6 cents to $3.30 and Sky City Entertainment up 2 cents to $3.29, while Sky Network Television was unchanged at $4.85.

NZX was up 12 cents to $8.72, with New Zealand Oil and Gas up 4 cents to $1.67 and

The Warehouse unchanged at $4.05.

AMP rose 1 cent to $7.84 as it lifted its offer by 16% to $A6.22 a share for Axa Asia Pacific Holdings.

Allied Farmers was unchanged at 20 cents.

Shortly after 5pm, the NZ dollar was trading at 72.64 US cents, 79.52 Australian, 44.54 pence, 64.42 yen and 0.4956 euro. The TWI stood at 65.27.

The Australian share market closed higher with the energy and mining sectors leading the way on stronger commodity prices and merger activity.

The benchmark S&P/ASX200 index added 19.5 points, or 0.42%, to 4673.5.