NZ sharemarket falls early

19 Jan 2010 10:44NZPA

The New Zealand sharemarket fell in early trading, with markets in the United States closed for a national holiday and despite advances by European shares.

Bucking the trend, shares in software company Diligent Board Member Services lifted 5c, or 17 percent, to 35c early, after reporting growth of 78 percent in fourth quarter net sales revenue.

Around 10.15am the benchmark NZSX-50 Index was down 8.28 points to 3238.82, having fallen on five of the last six days including a 10.8-point fall yesterday.

Among leading shares Fletcher Building was down 2c to 809, after a 20c fall yesterday, Telecom was down 2c to 250, and Contact Energy was flat on 610, having declined 8c yesterday.

Horizon Energy fell 9c to 375, Hellaby Holdings fell 4c to 166, NZ Refining Co was down 3c to 389, Hallenstein Glasson slipped 2c to 323, Infratil was down 2c to 165, while Property for Industry gained 2c to 120.

Shares in Wellington retailer Kirkcaldie & Stains rose 13c to a 20-month high 285 on modest turnover.

Overnight, European shares advanced, with the pan-European FTSEurofirst 300 rising 0.7 percent, as firmer commodity prices lifted mining and oil shares. Earlier, Japan's Nikkei average fell 1.2 percent, tracking a weaker Wall Street on Friday.

 
There are currently no comments on this topic.
Be the first person to Add a Comment...
Add a Comment
You must be a registered user to post a comment: REGISTER NOW
If you are already registered, please LOGIN NOW
Users
Registered 80,263
Online 144
Portfolios 32,958
Log In

Email:
Password:
 
Remember Me
Forgot your password?