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Home / Business / Companies

<i>NZ stocks:</i> Market opens on low ebb

NZPA
8 Apr, 2008 11:15 PMQuick Read

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KEY POINTS:

The sharemarket was down this morning after profit-taking and reaction to the Australian market saw it shed 1 per cent yesterday.

The benchmark NZSX-50 index was down 21.99 points to 3583 at 10.15am today.

Fisher and Paykel Healthcare was down 17 points to 288 after putting out earnings
guidelines which show the influence of a higher than expected New Zealand dollar.

Also falling were Contact down 4c to 853, Freightways 4c to 351, top-stock Telecom 6c to 385 and Trustpower 14c to 775.

On the up were Sky TV 11c to 486 and Pumpkin Patch 4c to 187.

- NZPA

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