8 Sep 2011

NZ and Australian markets up

1:08 pm on 8 September 2011

The New Zealand stock market was up on Thursday morning.

By 12.30pm, the NZX50 index was up 23 points, or 0.7%, at 3324 on turnover of $43 million.

The Australian 200 index was up 26 points, or 0.6%, at 4209.

The New Zealand dollar was buying 83.22 US cents, 78.24 Australian cents, 52.17 pence, 64.45 yen and 0.5918 euro. The Trade Weighted Index was at 71.90.

Fletcher Building was up 6 cents to $7.75, Contact Energy was up 1c at $5.38 and Telecom was up 1c at $2.49.

Sky City Entertainment was up 6c at $3.55, Sky Network Television was up 3c to $5.53, Auckland International Airport Ltd was up 1.5c at $2.285 and Air New Zealand was up 1c at $1.11.

Fisher & Paykel Healthcare was up 1c at $2.16 cents, The Warehouse was up 3c at $3.44, Kathmandu was up 5c to $2.05 and NZX was up 3c at $2.35.

Port of Tauranga was down 6 cents to $9.70 and Port of Lyttelton was unchanged at $2.00 after saying most cruise ships won't call into the port during the 2011 - 2012 cruise season. In most cases, vessels will instead divert to Akaroa.

New Zealand Wine Company was unchanged at $1.10 after it lost $3.2 million in the year to June, an increase of 68% compared with the previous year, mainly due to asset writedowns.