KEY POINTS:
The sharemarket benchmark index pushed on to new records in early trading today.
The NZSX-50 index was up 11.23 points to 4300.94 at 10.20am. Turnover was solid at $38 million.
The market was up, despite the top two stocks easing.
Fletcher Building, which leapt 36c to 1285 yesterday, eased back 5c, while Telecom back 1c to 481.
Contact Energy, which yesterday rose 9c to close at 888 after it won a six-year battle for resource consent to continue operating its Taupo geothermal plants, rose another 2c to 890.
Sky City jumped 20c to 512 as it delivered a briefing today on its marketing plans.
NZ Oil & Gas was up 1c to 97. It is due today to announce the IPO (initial public offering) of its 61 per cent held coal mine Pike River.
Ryman Healthcare was up 10c to 263 after it reported its March year net profit rose 18 per cent to $41.6m and said it was on track to grow earnings 20 per cent in the 2007/8 year.
It lifted its final dividend to 2.2c per share from 1.8c.
Market darling Rakon was up 8c to 539. The Warehouse, due to get news on Friday on whether Foodstuffs and Woolworths was separately get regulatory approval to launch takeover bids, was down 3c to 660.
Other top 50 movers included AMP, down 8c to 1212, Sky TV, down 5c to 600 and NZ Refining, up 4c to 692.
- NZPA