MARKET CLOSE: NZ shares fall; F&P Healthcare falls amid talks with analysts

Mon, 28 May 2012

May 28 (BusinessDesk) - New Zealand shares fell, led by Fisher & Paykel Healthcare, as the company met analysts to discuss its annual results and an outlook that has disappointed some investors. Rakon bounced back from its lowest level this year. The NZX 50 Index rose 23.97 points, or 0.7 percent, to 3462.25. Within the index, 30 stocks fell, 16 rose and four were unchanged. Turnover was $102 million on a day when US markets will be closed for the Memorial Day holiday on Monday. F&P Healthcare, which makes breathing masks and gets more than...

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