The New Zealand sharemarket was down marginally today as investors digested all the results out from listed companies recently.
The NZX50 index fell 0.2 per cent or 0.66 points to 3628.38. Within the index, 24 stocks rose, 19 fell and seven were unchanged.
OnePath senior investment analyst Craig Brown said the market was basically flat today.
"That masks a few reasonably significant moves both positive and negative across the market but the big cap stocks such as Telecom, Fletcher Building and Contact Energy that are largely flat just reflecting global equity markets," Brown said.
He said that the market appeared to expect Port of Tauranga's record $75.3m profit, as the share price was down 2.45 per cent to $11.95.
"Goodman Fielder announced yesterday it had sold its oils business which saw its price recover yesterday but it dropped back again today," Brown said. It was down 5.7 per cent to 66c.
Clothing retailer Hallenstein Glasson Holdings fell 2.2 per cent to $4.40. Mainfreight fell 2.05 per cent to $9.57. Freightways fell 1.9 per cent to $4.04.
New Zealand Oil and Gas was down 1.2 per cent to 84c. Guinness Peat Group fell 1 per cent to 52c. Kiwi Income Property Trust fell 0.9 per cent to $1.09.
Insurer Tower led the gainers with a 3.35 per cent rise to $1.85. PGG Wrightson, the rural services company, was up 2.9 per cent to 36c. Telstra Corp was up 2.5 per cent to $4.89.
Australian wealth manager AMP rose 2.5 per cent to $5.80. Diligent Board Member Services was up 2.4 per cent to $3.79. New Zealand Refining rose 1.95 per cent to $2.61.
Ryman Healthcare, the retirement villages operator and developer was up 1.6 per cent to $3.72. Fisher & Paykel Healthcare, the maker of breathing masks and respirators, was up 1.45 per cent to $2.10. Carpet maker Cavalier rose 1.1 per cent to $1.78.
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