A New Zealand sharemarket reduced by the Auckland Anniversary Day holiday ended lower yesterday, reflecting weakness in overseas markets.
The NZX-50 index closed down 13.686 points, or 0.432 per cent, at 3150.968. Turnover was worth $38.31 million. There were 23 rises and 46 falls among the 105 stocks traded.
"The market is weak, pretty much in reaction to what is happening overseas," said Grant Williamson, director at Hamilton Hindin Greene.
Hallenstein Glasson was a standout performer, rising 10c, or 2.78 per cent, to $3.70 after reporting strong sales and profit guidance last week.
Telecom eased 1c to $2.37 as customers and the market await word this week on a compensation package for the XT failure that resulted in customers south of Taupo losing the service for up to three days.
Fletcher Building eased 4c to $7.90 and Contact Energy was unchanged on $5.80.
Infratil, which released its January operating update yesterday, eased 2c to $1.63.
SkyCity eased 5c to $3.25, Sky TV eased 10c to $4.70, Hellaby fell 5c to $1.65 and Michael Hill fell 3c to 67c. Kathmandu eased 3c to $1.97.
NZ Refining fell 6c to $3.62, NZOG fell 3c to $1.49 and Pike River Coal was unchanged at 95c. Oceanagold eased 15c to $2.20.
AMP fell 8c to $7.84, and Tower rose 2c to $2.
Port of Tauranga rose 7c to $7.19, Mainfreight rose 9c to $5.80 and Freightways rose 3c to $3.30.
Kiwi Income Property Trust rose 2c to $1.03 and Property for Industry rose 2c to $1.17.
The Associated Press reported from New York that US stocks ended a disappointing January with a loss on Friday as investors questioned whether the economy would be able to sustain its big fourth-quarter growth rate.
The Dow Jones industrial average fell 3.5 per cent for the month, after finishing Friday's session down 53.13 points, or 0.52 per cent, to 10,067.33.
The Standard & Poor's 500 index fell 10.66 points, or 0.98 per cent, to 1073.87, and the Nasdaq composite index lost 31.65 points, or 1.45 per cent, to 2147.35.
- NZPA
Holiday-softened market down at close
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