After one of the bidders for New Zealand Farming Systems Uruguay (NZFSU) withdrawn, shares of the Company fell 2c.
Union Agriculture Group based in Uruguay plunged its 60c per share bid and it has said that the Company will not increase its offer above the 70cps bid, which is made by Olam International.
After getting to 73c yesterday, which is considered as the highest level in about five months, shares of NZFSU came down to 70c early today.
The Market was generally running smooth, with NZX-50 index gaining 12.2 points yesterday followed by 1.53 points to 3016.72 today around 10.15am.
Shares of Fletcher Building shed 3c to 750 and Sky TV lost 2c to 505. After Port of Tauranga was identified as a good choice for bigger ships, its shares were up 2c to 670.
After NZ Oil & Gas reported a full year net loss of $3.3m due to exploration cost, the Company gained 2c to 120, having fallen a cent yesterday.
After a major speech by Federal Reserve Chairman Ben Bernanke and an anticipated downward revision in the US second-quarter financial growth, the industrial average of the Dow Jones closed below 10,000.
The Standard & Poor's 500 Index fell 0.8% to 1047.22, the Dow shed 0.7% to 9985.81 and the NASDAQ Composite Index plunged 1.1% to 2118.69.
