Rants, Raves, Reviews


10% wiped off Telecom shares so far

By Gary R, in , posted: 4-May-2006 11:30

11:30am the NZX has been trading for 2 hours. So far the price is down 10% with offers hovering at the $4.90 mark. Volume is heavy with 29,218,000 shares changing hands at a total value of around $148M. The NZX Top 50 is down -2.77%.



Other related posts:
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National to invest in broadband
We Blew our cap again








Author's note by Jama, on 4-May-2006 12:07

12:07pm NZX web site seems to have crashed


Comment by juha, on 4-May-2006 12:15

Maybe Telecom unbundled them? :p


Comment by bradstewart, on 4-May-2006 12:16

at 11.50 34,760,922 traded hands with a value of $175,810,885 Telecom has lost around $1 billion in value this morning on the NZX alone, not including ASX and NYSE


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Gary R
Wellington
New Zealand


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