NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Companies / Construction

Telecom and Fletcher Building give shares a boost

NZPA
16 May, 2011 05:30 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

File photo / NZ Herald

File photo / NZ Herald

The New Zealand sharemarket rose slightly yesterday, as key stock Telecom pushed back to the level of the 14-month high reached last Thursday.

The NZX-50 index rose 8.08 points, or 0.229 per cent, to 3543.87.

Telecom shares closed up 4c at $2.34.5 and traded as high as $2.35, the level
reached last Thursday.

The company yesterday noted that the finance and expenditure select committee had reported back on the Telecommunications Amendment Bill and supplementary order paper but did not comment further.

The strength in the market came as other equity markets were weak on concerns about European debt and weak commodity prices, and as investors waited for Thursday's Budget and the credit rating agencies' reaction to it.

Fletcher Building rose 9c to $9.01 and Skellerup rose 2c to $1.33.

The Warehouse added 1c to $3.75, just below the five-month high of $3.77 reached on Friday.

Infratil eased 2c to $1.90 ahead of its result today and Goodman Property rose 1c to 96c ahead of its result later this week.

Port of Tauranga rose 8c to $8.89 and Sanford rose 5c to $5.55.

Nuplex rose 2c to $3.11 and TrustPower rose 4c to $7.55.

Contact Energy eased a cent to $5.98 and Vector eased a cent to $2.51.

Mainfreight eased 10c to $9.35 and Steel & Tube eased 5c to $2.55.

OceanaGold eased 9c to $3.01.

Rakon eased 3c to $1.22. Tower eased a cent to $1.82 and Air NZ eased a cent to $1.12.

In the United States, stocks ended a second week of losses on a down note, reflecting growing worries that stocks are on the precipice of a pullback.

Concern about slowed growth worldwide, the coming end of a supportive Federal Reserve policy and the fear of a worsening eurozone debt crisis are undermining the stockmarket's ability to maintain an upward direction.

The Dow Jones industrial average ended down 0.8 per cent at 12,595.75, the Standard & Poor's 500 Index finished down 0.8 per cent at 1337.77, and the Nasdaq Composite Index fell 1.2 per cent at 2828.47.

For the week, the Dow was down 0.3 per cent, the S&P 500 was off 0.2 per cent and the Nasdaq was barely up at 0.03 per cent.

- NZPA

Discover more

Shares

NZ sharemarket flat early at start of week

15 May 11:18 PM
Personal Finance

Goodman lowers investor payout

18 May 05:30 PM
Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Construction

Property

Fletcher Construction fatality reported in Vanuatu

10 Jul 01:31 AM
Premium
Construction

Fletcher was under-insured, convention centre subbies claim

07 Jul 10:35 PM
Premium
Opinion

Property Insider: Mansons begins Graham St project; free car with Westgate home; how’s Resido going?

07 Jul 05:00 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.
Recommended for you
Te Pāti Māori selects former broadcaster for Tāmaki Makaurau byelection
Politics

Te Pāti Māori selects former broadcaster for Tāmaki Makaurau byelection

10 Jul 08:58 AM
France overhaul squad for second All Blacks test
All Blacks

France overhaul squad for second All Blacks test

10 Jul 08:13 AM
Man sentenced for taking boy to secluded spot and photographing him without togs on
New Zealand

Man sentenced for taking boy to secluded spot and photographing him without togs on

10 Jul 08:00 AM
Inside the world’s swankiest ski hotels
Travel

Inside the world’s swankiest ski hotels

10 Jul 08:00 AM
State of emergency declared for Tasman region, severe weather warnings across NZ
New Zealand

State of emergency declared for Tasman region, severe weather warnings across NZ

10 Jul 07:04 AM

Latest from Construction

Fletcher Construction fatality reported in Vanuatu

Fletcher Construction fatality reported in Vanuatu

10 Jul 01:31 AM

Man allegedly struck by heavy construction tool, said to be accelerator ball on a crane.

Premium
Fletcher was under-insured, convention centre subbies claim

Fletcher was under-insured, convention centre subbies claim

07 Jul 10:35 PM
Premium
Property Insider: Mansons begins Graham St project; free car with Westgate home; how’s Resido going?

Property Insider: Mansons begins Graham St project; free car with Westgate home; how’s Resido going?

07 Jul 05:00 PM
Premium
'Grit their teeth': Sweeney on Dubliners living on proposed MetroLink route

'Grit their teeth': Sweeney on Dubliners living on proposed MetroLink route

07 Jul 03:05 AM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP
search by queryly Advanced Search