Shares in retailer Hallenstein Glasson continued to rise when trading started for the new week, following Friday's 6 percent gain after the company forecast a big profit increase from managing its business well in a challenging trading environment.Hallens
Shares in retailer Hallenstein Glasson continued to rise when trading started for the new week, following Friday's 6 percent gain after the company forecast a big profit increase from managing its business well in a challenging trading environment.
Hallenstein Glasson was up 8c early today to 390, on top of a 22c increase on Friday, taking the price to its highest level in 28 months.
Shares in another retailer, The Warehouse were up 2c early today to 354, while Pumpkin Patch fell 2c to 174.
Fisher&Paykel Healthcare shares gained 5c from a one-year low to 295 early, and Sky TV lifted 4c to a three-month high 506.
The largest stocks were unchanged early with Telecom at 202, Contact Energy at 569 and Fletcher Building untraded since closing at 764 on Friday.
Around 10.25am the benchmark NZX-50 index was up 5.13 points to 3049.76, after edging down 0.04 percent on Friday.
In the United States, stocks fell after government data showed a larger-than-expected drop in July payrolls, giving investors a stark reminder the economic recovery remains slow.
The Dow Jones industrial average dropped 0.2 percent to 10,653.56, the Standard&Poor's 500 Index shed 0.4 percent to 1121.64, and the Nasdaq Composite Index lost 0.2 percent to 2288.47.
For the week, the Dow and the S&P 500 each rose 1.8 percent, while the Nasdaq advanced 1.5 percent.
