NGC sale dominates turnover.

Australasian Business Intelligence, September, 2003

Sep 02, 2003 (The Australian Financial Review - ABIX via COMTEX)

The New Zealand sharemarket closed marginally lower on 2 September 2003 on higher than usual turnover. The volume of shares traded was boosted by Hutt Mana Energy Trust's decision to sell its 51.5 million shares in energy group, NGC Holdings. NGC's shares ended the day $NZ0.05 lower at $NZ1.64 following the sale of Hutt Mana's holding. Other stocks which fell on 2 September included AMP, Carter Holt Harvey and Port of Tauranga. Gains were recorded by Telecom New Zealand, Telstra, The Warehouse and Air New Zealand. The NZSX-50 index ended the day 0.08 lower at 2,206.69 points.

Publication Date: 3 September 2003

NZSX-50 INDEX: 

NZSX-40 INDEX:

NGC HOLDINGS LIMITED:...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.