2 Oct 2010

NZ market closes up

6:04 am on 2 October 2010

The NZX50 index rose 35 points, or 1%, on Friday, to close at 3213 on turnover of $25 million.

The Australian 200 index was down 8 points, at 4575.

Fletcher Building was up 10 cents to $8.16, Telecom was up 2c at $2.04,and Contact Energy was up 7c at $5.70

Auckland International Airport Ltd was up 1c to $2.06, Air New Zealand was up 1c to $1.28 and Fisher & Paykel Healthcare was up 10c to $3.07.

Sky City Entertainment was up 2c at $2.85 and Sky Network Television was up 5c to $5.00.

New Zealand Oil & Gas was up 3c at $1.30 and The Warehouse was up 5c to $3.83.

Hallenstein Glassons was down 4c to $4.24 and Nuplex was up 5 cents to $3.26.

Allied Farmers was down 0.20c to a 2.5c after its auditors raised concerns about its financial health

Tower was up 4c to $1.87 after launching an $118 million takeover offer for Fidelity Life Assurance.

Guinness Peat Group was up 1 cent to 68 cents.

The NZ dollar was trading at 73.68 US cents, 76.13 Australian cents, 46.85 pence, 61.51 yen and 0.5398 euro. The Trade Weighted Index was at 66.27.