RTTNews - Mixed opens are expected Wednesday for New Zealand and Australia stocks. Trading comes following a mixed session on Wall Street, following data that showed improvements in U.S. consumer spending and pending home sales.
New Zealand's market was higher on Tuesday. The benchmark NZX-50 index rose 44.95 points or 1.45 percent to 3,092.8.
The New Zealand Stock Exchange reported trading volume of 59.3 million shares carrying a cumulative value of NZ$122.4 million.
Among the session's most actively traded issues, Auckland International Airport was up NZ$0.03, Air New Zealand was up .04, AMP New Zealand Office Trust was up .02, Fletcher Building was up .11, Fisher & Paykel Appliances was unchanged, F & P Healthcare was down .04, Goodman Property Trust was unchanged, Infratil was up two cents, Kiwi Income Properties was up a penny, Pumpkin Patch was up a dime, SkyCity Entertainment was up .09, Telecom Corp of NZ was up .03, and Vector was unchanged.
Among the dual-listed issues, AMP was up .18, Australia and NZ Bank was up .57, APN News & Media was down 9.5 cents, Goodman was down a nickel, Lion Nathan was up .02, Telstra advanced .06 and Westpac Bank was up .10.
In Australia, stocks were also broadly higher on a day when the Reserve Bank did as expected and left interest rates steady. The central bank also signaled that the round of interest rate reductions was likely at an end by offering a relatively upbeat outlook on the Australian economy.
The benchmark S&P/ASX200 index closed with a gain of 45.9 points or 1.1 percent at 4,309.3 while the broader All Ordinaries index was up 43.4 points or 1.0 percent at 4,313.9.
Trading volume was 2.99 billion shares valued at A$7.12 billion.
Advancing issues outnumbered decliners 595 to 537 with 300 unchanged.
The big four banks were higher, with Australia and NZ Bank up .57, Commonwealth Bank of Australia was up .86, National Australia Bank was up .89 and Westpac Bank was up a dime.
For the miners, BHP Billiton was up .77, rival Rio Tinto was up $2.59, Fortescue Metals was up a penny and OZ Minerals was down two cents.
In the retail sector, Woolworths was down .09, Wesfarmers was down .45, Harvey Norman was up a penny and David Jones was up .17.
Among the gold miners, Lihir Gold was down a penny, Newmont Mining was up .02 and Newcrest Mining was up $1.19.
Overseas, U.S. stocks wavered on both sides of the break-even line for most of the session. About 15 minutes before the close, the Dow Jones Industrial Average was up 4.84 points or 0.05 percent at 9,291.40, the Nasdaq Composite Index was down 6.05 points or 0.30 percent at 2,002.56 and the Standard & Poor's 500 index was down 0.85 points or 0.08 percent at 1,001.78.
Asia/Pacific stocks put in a mixed performance on Tuesday.
In Japan, the Nikkei 225 Average closed higher by 22.54 points or 0.22 percent at 10,375.01.
Hong Kong's Hang Seng index was down 10.83 points or 0.05 percent at 20,796.43.
The Shanghai Composite index in China was up 8,85 points or 0.26 percent at 3,471.44.
In India, the BSE 30 index was down 93.25 points or 0.59 percent at 15,830.98.
Indonesia's Jakarta Composite index was up 21.30 points or 0.91 percent at 2,360.09.
The KOSPI/Seoul Composite index was up 1.39 points or 0.09 percent at 1,566.37.
The Taiwan Weighted Index was down 100.84 points or 1.43 percent at 6,955.87.
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