8 Jun 2012

NZ and Australian markets down

1:57 pm on 8 June 2012

The New Zealand and Australian stock markets were down on Friday morning.

By 12.30pm, the NZX50 index was down 7 points at 3467 on turnover of %42 million.

Across the Tasman, the Australian 200 index was down 24 points, or 0.6%, at 4085.

The New Zealand dollar was trading at 76.47 US cents, 77.55 Australian cents, 49.33 pence, 60.85 yen and 0.6099 euro. The Trade Weighted Index was at 69.73.

Fletcher Building was down 5 cents to $6.24, Telecom down 3.5 cents to $2.465 after confirming earlier earnings guidance, Chorus unchanged at $3.20, Contact Energy down 5 cents to $4.71.

Fisher & Paykel Healthcare was up 1 cent to $2.11 and Sky City Entertainment was down 3 cents at $3.53.

Metlifecare was unchanged at $2.13. Kathmandu was down 3 cents to $1.48 and Trade Me was down 2 cents to $3.88.

Auckland International Airport Ltd was down 1.5 cents to $2.515 and Air New Zealand was up 1 cent to 86.5 cents.

Xero was up 10 cents to $4.40, Nuplex up 7 cents to $2.49 and Port of Tauranga up 10 cents to $10.90.

Rakon was down 1 cent to 47 cents.