NZ shares end week on mixed note

THE New Zealand share market ended the week on a mixed note.

The NZX 50 index rose 4.44 points, or 0.1 per cent, to 3979.17. Within the index, 18 stocks rose, 26 fell and six were unchanged. Turnover was $156 million.

The benchmark index is heading for a 22 per cent gain this year, though it has retreated from the five-year high charted at the start of the month, outpacing gains in Australia's S&P/ASX 200 Index and America's Standard & Poor's 500 Index.

Goodman Fielder, the Australasian food manufacturer, declined 4.9 per cent to 77 cents and NZ Refining, which operates the nation's only oil refinery, fell 4.7 per cent to $2.42.

The two companies will be replaced in the benchmark index on December 24 by retirement village operators Summerset and Metlifecare.

"There's a little bit of weakness as those changes happen in a quiet market," said James Lee, head of institutional equities at First NZ Capital.

Summerset slipped 0.5 per cent to $2.23, having climbed 66 per cent this year. Metlifecare rose 1.3 per cent to $3.10, for a 34 per cent gain this year.

Chorus, the network company spun off from Telecom last year, fell 1.5 per cent to $2.70, extending its slide following last week's draft determination from the Commerce Commission to cut prices it can charge for access to its lines.

Telecom rose 0.9 per cent to $2.17.

Fletcher Building, the biggest listed company, fell 0.4 per cent to $8.26.

Ryman Healthcare rose 3.5 per cent to $4.39 and has jumped 54 per cent this year. The company was cited as a "hot stock" in 2013 by Craigs Investment Partners, according to a National Business Review survey.

Rural services company PGG Wrightson, picked in the same survey by brokerages Hamilton Hindin Greene and Forsyth Barr, rose 2.7 per cent to 38 cents.

Anda sedang membaca artikel tentang

NZ shares end week on mixed note

Dengan url

https://tempatistirahatan.blogspot.com/2012/12/nz-shares-end-week-on-mixed-note.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

NZ shares end week on mixed note

namun jangan lupa untuk meletakkan link

NZ shares end week on mixed note

sebagai sumbernya