MARKET CLOSE: NZ shares gain as F&P rises to record, Xero falls on 1H result

Thu, 20 Nov 2014

By Suze Metherell Nov. 20 (BusinessDesk) - New Zealand shares rose as Fisher & Paykel Healthcare advanced to a record after lifting its annual profit guidance. Xero fell as its first-half results showed a slower pace of growth. The NZX 50 Index rose 4.892 points, or 0.1 percent, to 5526.948. Within the benchmark, 22 stocks rose, 19 fell and nine were unchanged. Turnover was $132 million. Fisher & Paykel Healthcare climbed 2.5 percent to a record close of $5.76 after the maker of breathing masks and humidifiers raised its profit forec...

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