As the offshore markets and corporate news were timid, consequently, the New Zealand share market traded weaker today.

Yesterday, the benchmark NZX-50 index ended at 35.867 points, or 1.174%, at 3018.892, following the loss of 6.5 points. The figures are getting dragged back to last Thursday's 10 month low of 2990.

The turnover was in all, worth $82.39 million and it traded with 19 rises and 45 falls in 104 stocks.

According to Stephen Wright at ASB Securities, the Telecom has only dipped 1c to 186 and Fletcher Building was decreased at 2c at 820.

Contact Energy was down 17c to 576, and Nuplex was at a loss of 8c to 293.

Trading was uneven in the United States for its first day after a holiday on Monday.

This indicated that the investors were not yet sure whether to invest their money or not as they were taking into consideration Europe's debt problems and optimistic reports on US manufacturing and construction.

The stocks at US declined following the announcement of Government, regarding initiating the criminal and civil investigations into the Gulf of Mexico oil spill.

Also, the stocks in energy Companies and oil service provider dropped after the announcement and other stocks imitated.