Stock markets in the United States and Australia may have hit record highs, but that activity failed to ignite any spark in our local sharemarket.
The benchmark NZX-50 index was still hovering close to its 18-month high reached last Wednesday, slipping 2.15 points to 3311.99 by 10.15am, after yesterday closing up 3.9 points.
Pike River Coal was down 8c to $1.07, Mainfreight dropped 5c to $6.45, Fletcher Building fell 3c to $8.30, Auckland Airport was down 2c to $2.01, and Fisher & Paykel Healthcare dropped 2c to $3.36.
An early 2c gain by Telecom took the battered heavyweight to $2.22, with retailer The Warehouse lifting 2c to $3.82, and Contact Energy also lifting 2c, to $6.45.
- NZPA
Sharemarket slips early
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