2 Sep 2011

NZ and Australian markets up

4:19 am on 2 September 2011

The New Zealand and Australian sharemarkets were both up when they closed on Thursday.

The NZX50 index rose 9 points to close at 3332 on turnover of $115 million on Thursday.

Across the Tasman, the Australian 200 index is up 23 points at 4319.

The New Zealand dollar is at 84.93 US, 79.39 Australian cents, 52.28 pence, 65.24 yen and 0.5911 euro. The Trade Weighted Index stands at 72.67.

Fletcher Building was down 3 cents to $7.75 and Contact Energy was down 5 cents to $5.35 after going ex dividend.

Telecom was down 4 cents at $2.50 after the company on Wednesday released more detail about its plans to split into two.

Sky City Entertainment was up 6 cents at $3.42, Sky Network Television was up 9 cents to $5.76, Auckland International Airport was up 2 cents at $2.32 and Air New Zealand was up 1 cent to $1.12.

Fisher & Paykel Healthcare was down 7 cents at $2.30, The Warehouse was up 2 cents at $3.45, Hallenstein Glassons was down 11 cents to $3.34 and Kathmandu was up 5 cents to $2.07.

Rakon was down 1 cent to 79 cents after on Wednesday saying the volatile and very strong New Zealand dollar would hurt profitability.

NZX was up 8 cents to $2.38, Cavalier was up 6 cents at $3.44 and Mainfreight was up 17 cents to $10.10.

Port of Tauranga was down 11 cents to $9.85 and Methven was down 3 cents to $1.45.