The New Zealand sharemarket opened on a weaker footing but still remained near multi-year highs, as Spain delayed its bailout for another week.
Auckland International Airport led decliners after shedding its dividend and NZ Farming Systems Uruguay surged on the back of a takeover offer from Olam International.
The NZX 50 Index fell 4.34 points, or 0.11 per cent, to 3866.90 in the first 30-minutes of trade. Within the index, 13 stocks fell, nine rose, and 28 were unchanged. The New Zealand dollar recently traded at US82.67 cents, down from US82.79c at 5pm yesterday.
Auckland Airport, the country's busiest gateway, fell 3 per cent to $2.60 after it went ex-dividend today. Investors are due a 10c per share payment, plus a 1.765c per share supplementary payment, due on October 12.
ANZ, the country's biggest lender which recently announced it will be mothballing its National Bank brand, fell 0.8 per cent to $31.
Skellerup, the rubber goods and equipment maker, fell 0.6 per cent to $1.69.
Telecom, the country's biggest phone company and most traded stock, fell 0.4 per cent to $2.39.
NZ Farming, the South American dairy farm operator, surged 5.7 per cent to 74c after majority shareholder Olam launched a full takeover for the company. The Singaporean company is looking to acquire the 14 per cent of NZ Farming shares it not already own at 75c apiece.
Ebos, the medical equipment supplier, rose 1.2 per cent to $8.40 on the back of a single shareholder taking a stake in the company.
Hallenstein Glasson, the fashion retailer, rose 0.8 per cent to $4.80. Chorus, the telephone network utility, rose 0.3 per cent to $3.29.
Fletcher Building, the country's biggest construction firm, rose 0.1 per cent to $7.17.
- ? Fairfax NZ News
Source: http://www.stuff.co.nz/business/market-data/7762916/NZX-50-slips-on-global-jitters
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