New Zealand share market edged lower Monday July 18 2011

Indonesia stock info - New Zealand share market edged lower Monday July 18 2011 ;The New Zealand sharemarket edged lower in its first few minutes of trading, continuing on from nine consecutive trading days of losses.

Around 10.15am on Monday the benchmark NZX-50 index was down 1.54 points at 3404.84, having fallen 3.2 points on Friday.

NZX was down 3c early at 227, Xero lost 3c to 212, Kathmandu dropped 2c to 213, and Telecom fell 1.5c to 247.

Mainfreight lifted 7c early to 1018, Scott Technology was up 4c at 132, Tower gained 2c to 149, and Ryman Healthcare added 2c to 268, while Fletcher Building was unchanged on 805.

In the United States on Friday, Google's earnings, which beat the most bullish forecasts, drove the market higher.

The Dow Jones industrial average rose 0.34 per cent to end at 12,479.73, the Standard & Poor's 500 Index gained 0.6 per cent to finish at 1316.14, and the Nasdaq Composite Index advanced 1 per cent to close at 2789.80.

For the week, the S&P 500 ended down 2.1 per cent, while the Dow lost 1.4 per cent and the Nasdaq fell 2.5 per cent.


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