Business

Five point rise for sharemarket

05:11 am on 2 February 2012

The New Zealand sharemarket was up sightly on Wednesday with the NZX50 index up 5 points to 3302. Turnover for the day was $56 million.

Among the major share movements:

Fletcher Building was down 8 cents at $6.44, Telecom rose 6 cents to $2.155, Chorus was up 2 cents at $3.28, and Contact Energy was up 2 cents at $4.80.

Sky City Entertainment was down 2 cents at $3.51 and Air New Zealand was up 1 cent at 92 cents.

Vector was down 4 cents to $2.65, Nuplex shed 3 cents to $2.46, Comvita was down 5 cents to $2.65, Rakon lost 3 cents to 62 cents, and Abano Healthcare was unchanged at $4.15.

Restaurant Brands was down 3 cents to $1.95 and The Warehouse lost 1 cent to close a $3.03.

NZX gained 2 cents to $2.65, Cavalier Corp was down 5 cents to $2.35, Turners Auctions gained 3 cents to $1.44, and Hellaby Holdings was up 4 cents to $2.54.

In currency markets, at 5.20pm the NZ dollar was at 82.34 US, 77.57 Australian, 52.27 pence, 62.75 yen, and 0.6301 euro. The Trade Weighted Index was at 72.47.