Fletcher and Contact Energy gain as market rises

The New Zealand Herald.com reports that trading for Pike River Coal had been halted, in the wake of the mine blast.

The story is quoted as saying:

News of the blast at the mine late on Friday afternoon that has left 29 miners unaccounted for pushed the price of Pike shares down to A61c on the Australian market on Friday before trading was halted. The shares closed in New Zealand on Friday at 88c and have fallen from a year high of $1.23 on October 12. Port of Lyttelton, which handles Pike’s exports, fell 6c to $2.25 yesterday.

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