29 Sep 2010

NZ market gains

1:29 pm on 29 September 2010

The New Zealand stock market was up on Wednesday morning.

By 12.05pm, the NZX50 index was up six points to 3236 on turnover of $24 million.

Fletcher Building was down 18 cents to $8.41, Telecom was up 2c at $2.06 and Contact Energy was unchanged at $5.71.

Auckland International Airport Ltd was up 1c at $2.08, Air New Zealand was up 1c to $1.30 and Fisher & Paykel Healthcare was unchanged at $3.00.

Sky City Entertainment was unchanged at $2.88 and Sky Network Television was down 1c to $5.08.

New Zealand Oil & Gas was up 1c at $1.28. The Warehouse was up 1c to $3.77.

Hallenstein Glassons was up 4c to $4.43. Nuplex was down 11c to $3.28.

Allied Farmers was up a 0.1c, or 3%, to 2.7c, after selling a former Hanover asset, which will cancel its debt with its senior lender Westpac.

Abano Healthcare was up 10c to $5.30 after selling its stake in National Hearing Care.

The Australian 200 index opened at 1pm (NZ time).

The New Zealand dollar was trading at 73.90 US cents, 76.40 Australian cents, 46.76 pence, 62.01 yen and 0.5445 euro. The Trade Weighted Index was at 66.61.