23 Nov 2010

Sharemarket slips 38 points

5:42 pm on 23 November 2010

The New Zealand sharemarket closed down on Tuesday, with the NZX50 index down 38 points, or 1.1%, to 3259 on turnover of $79 million.

Fletcher Building closed down 5 cents to $8, Telecom closed down 1c to $2.17 and Contact Energy finished the day down 7c to $5.90.

Fisher & Paykel Healthcare was unchanged at $3.02, Auckland International Airport was down 2c to $2.06 and Sky City Entertainment Group was up 2c to $3.19.

Charlie's Group was up 1c to 17c after forecasting a half-year profit of $1 million on Monday.

The Warehouse was down 5c to $3.77 and Hallenstein Glasson was down 17c to $4.46. Vector was down 8c to $2.45.

Rakon was down 3c to $1.19 and Cavalier was unchanged at $3.10.

Across the Tasman, the Australian 200 index was down 45 points to 4599.

The dollar was buying 77.03 US cents, 78.15 Australian cents, 48.37 pence, 64.23 yen and 0.5673 euro. The Trade Weighted Index was 69.03.