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Fletcher Building

Warehouse Down 16 Pct Early, But Wider Market Gains

Wellington, July 31 NZPA - Shares in retailer The Warehouse tumbled when the stock exchange opened today, following a Court of Appeal decision preventing takeover bids by Woolworths and Foodstuffs.

NZ Sharemarket Follows Overseas Lead, Bouncing 1.6 Pct

Wellington, July 30 NZPA - The stock exchange followed the lead of overseas markets with a 1.6 percent bounce today. Top stock Telecom gained 9c, or 2.5 percent, to 368 as investors dragged the stock further up from a low of 325 a fortnight ago.

NZ Sharemarket Opens Firm After Strong Session On Wall St

Wellington, July 30 NZPA - The sharemarket recovered yesterday's losses in early trading today following a strong session on Wall Street.

NZ Sharemarket Falls But Slips Less Than Asian Markets

Wellington, July 29 NZPA - The New Zealand sharemarket slipped today but was still seen doing better than many overseas bourses. The benchmark NZSX-50 index ended the day down 21.07 points, or 0.65 percent, to 3235.5, with Fletcher Building hard hit, dropping 24c to 625.

NZ Sharemarket Follows Wall St Down

Wellington, July 29 NZPA - The New Zealand sharemarket followed Wall Street down when it opened 0.8 percent lower today.

NZ Sharemarket Posts Modest Gains As Telecom Lifts

by Pam Graham of NZPA Wellington, July 28 NZPA - The New Zealand sharemarket made modest gains today, helped by a rise in top stock Telecom. The benchmark NZSX-50 index was up 2.41 points to 3256.57, having lost 1 percent on Friday after strong gains on the two preceding days.

NZ Sharemarket Opens With Modest Gains As Telecom Lifts

Wellington, July 28 NZPA - The New Zealand sharemarket made modest gains in early trading today, with top stock Telecom up 3c shortly after the market opened.

NZ Stocks Shed Some Gains But Better Than Overseas Markets

Wellington, July 25 NZPA - The New Zealand sharemarket gave up some of the gains from a storming performance on the previous two days, but closed looking far less sickly than its Australian counterpart.

Profit Takers Send NZ Sharemarket Down

Wellington, July 25 NZPA - Profit takers and a negative steer from Wall Street sent the sharemarket lower in early trading today after its biggest rise of the year yesterday, spurred by the Reserve Bank interest rate cut.

Rate Cut Spurs 2.7pc NZ Sharemarket Rally

By Simon Louisson of NZPA Wellington, July 24 NZPA - The sharemarket reacted to today's surprise Reserve Bank cash rate cut with a 2.7 percent rise, its biggest percentage gain this year.

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