MARKET TALK: NZX-50 Likely Up As Global Results Impress-GSJBW

25th Jul 2010 22:56

2156 GMT [Dow Jones] NZX-50 likely higher as company results continue to impress globally, says Goldman Sachs JBWere broker Peter Sigley; "We will continue to take our lead from overseas markets as we lead into our reporting season." Adds Nuplex (NZX.NZ) likely buoyed by good results from Dutch coatings and resins manufacturer Akzo Nobel (AKZA.AE) Friday. Says Vodafone NZ, a unit of Vodafone Group PLC's (VOD, VOD.LN) released subscription numbers over weekend with result showing loss of 25,000 customers over quarter; "The read through if anything for Telecom (TEL.NZ) is probably okay." NZX-50 +0.5% to 2994.90. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires July 25, 2010 17:56 ET (21:56 GMT)