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Fletcher Building

NZ Shares Fall Further In Opening Trading

Wellington, June 30 NZPA - The sharemarket fell in opening trading after falling on Friday amid fears that the economy is heading for recession and the US share market is entering a bear phase.

NZ Sharemarket Slumps To 2-1/2 Yr Low After Warehouse Downgrade

By Simon Louisson of NZPA Wellington, June 27 NZPA - The sharemarket dropped another 1 percent today to a 2-1/2 year low, sparked by a profit downgrade by retailer The Warehouse and a 3 percent plunge on Wall Street.

NZ Blue Chip Rebound Fails To Boost NZ Market To Aust Levels

By Melanie Carroll of NZPA Wellington, June 26 NZPA - The sharemarket had a reasonable bounce today, although it failed to match the Australian market's 1 percent gain, despite a rebound for some blue chip stocks.

Fletcher Building Lifts NZ Sharemarket Into Positive

Wellington, June 26 NZPA - A 7c rise by embattled Fletcher Building helped the sharemarket into positive territory in early trading today. Fletcher, which has halved in value from its peak last year, was up 7c to 672. The benchmark NZSX-50 was up 13 points to 3294 at 10.20am.

Offshore Markets Weigh On NZ

By Catherine Harris of NZPA Wellington, June 26 NZPA - After a two-day reprieve, the sharemarket resumed its downward path today as it came under pressure from weaker overseas markets.

NZ Sharemarket Opens Down Again

Wellington, June 25 NZPA - The sharemarket was down again after yesterday's brief and mild interruption of an eight-day losing streak.

Contact Energy Helps NZ Shares Inch Up

By Melanie Carroll of NZPA Wellington, June 24 NZPA - The sharemarket inched higher today on a handful of healthy gains among top-50 stocks, after an eight-day losing streak petered out yesterday.

Bargain Hunters Shore Up Sharemarket

By Catherine Harris of NZPA Wellington, June 23 NZPA - The New Zealand sharemarket staged a comeback today as bargain hunters appeared to hop off the sidelines.

NZ Shares Open Lower

Wellington, June 23 NZPA - The New Zealand market opened lower today, unable to ignore a sharp fall on Wall Street on Friday. The biggest sharemarket in the world closed at its second-lowest level this year and below 12,000 for the first time since March 17.

NZ Shares Slide 1.7 Pct To Disappointing End Of Week

By Melanie Carroll of NZPA Wellington, June 19 NZPA - Further declines in blue chips pushed the top-50 index to its eighth consecutive decline today, despite a mild rally on Wall Street to kick-start trading.

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