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NZ sharemarket edges down
Wednesday October 28, 10:32 AM
The New Zealand sharemarket edged down in early trading, as most stocks with changing prices moved only 1c to 2c.
Among leading stocks Telecom slipped 1c to 248, Contact Energy was down 1c to 623, and Fletcher Building was 2c lower at 827.
Around 10.15am the benchmark NZSX-50 index was down 1.42 points to 3191.05, having yesterday lost 22.5 points.
NZ Refining Co recorded one of the larger movements, losing 5c to 540, while Nuplex lost 4c to 235.
Dual-listed bank Westpac dropped 5c to 3365 and ANZ added 4c to 2920, while Fisher & Paykel Healthcare gained 3c to 302.
In the United States, the S&P 500 and the Nasdaq fell as investors booked profits following the stock market's recent run-up, while a weaker-than-expected reading on a measure of consumer confidence sparked caution about the recovery of spending.
Even so, the Dow Jones industrial average eked out a slim gain as shares of Exxon Mobil and Chevron, both set to report quarterly results later this week, rose on the back of BP Plc's strong earnings.
The Dow Jones gained 0.1 percent to 9882.17, the Standard & Poor's 500 Index fell 0.3 percent to 1063.41, and the Nasdaq Composite Index declined 1.2 percent to 2116.09.
Source:
- Nuplex Industries Limited (NZX: NPX.nz)
- Telecom Corporation of New Zealand Limited (NZX: TEL.nz)
- Australia and New Zealand Banking Group Limited (NZX: ANZ.nz)
- Contact Energy Limited (NZX: CEN.nz)
- Fisher & Paykel Healthcare Corporation Limited (NZX: FPH.nz)
- Nuplex Industries Limited (NZX: NPX.nz)
- Telecom Corporation of New Zealand Limited (NZX: TEL.nz)
- Westpac Banking Corporation (NZX: WBC.nz)
- Fletcher Building Limited (NZX: FBU.nz)
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