1 Apr 2011

Nz market down

1:23 pm on 1 April 2011

The New Zealand stock market was down on Friday. At 12.10pm, the NZX 50 index was down 4 points at 3435 on turnover of $95 million.

Across the Tasman, the ASX200 was up 6 points to 4844.

In currency markets, the New Zealand dollar was at 76.03 US cents, 73.63 Australian cents, 47.44 pence, 63.35 yen and 0.5371 euro. The Trade Weighted Index was at 66.67.

Fletcher Building was down 4 cents to $9.30, Telecom was up 2c to $2.03 and Contact Energy was up 3c at $5.85.

The Warehouse was unchanged up 3c at $3.54.

Sky City Entertainment was up 2c at $3.40 and Sky Network TV was up 1c at $5.63. Mainfreight was up 1c to $8.95

Fisher & Paykel Appliances was up 1c to 60.5c , after its finance arm maintained its double 'B' credit rating after a review by Standard & Poors.

Fisher & Paykel Healthcare was down 1c to $3.13.

Guiness Peat Group was down 1c to 78c after Australian-based executive director Gary Weiss announced on Thursday he will step down at the end of next month. Also, chairman Mark Johnson will not seek re-election at the company's annual meeting in two months.

Scott Technology was down 2c to $1.43 after paying $4.4 million for a majority stake in electromagnet maker, HTS-110.

Auckland International Airport Ltd was up 0.5c to $2.22 after it was voted the eighth best airport in the world and the best airport in the Australia Pacific region in the 2011 Skytrax World Airport awards.