MARKET CLOSE: NZ shares continue record ascent; F&P Healthcare, Goodman Property, Steel & Tube

Mon, 21 Mar 2016

By Jonathan Underhill March 21 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to a record and leaving the market looking expensive relative to its earnings outlook. Fisher & Paykel Healthcare and Goodman Property Trust led the rally. Vista Group International fell after a quarter of the company was sold at a discount. The NZX 50 rose 18.44 points, or 0.3 percent, to 6,641.94. Within the index, 23 stocks rose, 22 fell and five were unchanged. Turnover was about $160 million. The benchmark index has gained about 9...

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