Markets

MARKET CLOSE: NZ shares gain: F&P Healthcare rallies on big volume, Synlait extends gain

Paul McBeth
Tue, 17 Sep 2019

By Paul McBeth Sept. 17 (BusinessDesk) - New Zealand shares snapped a six-day decline as export-focused firms such as Scales Corp and Fisher & Paykel Healthcare benefited from a weaker currency. Synlait Milk extended its gain amid merger and acquisition activity in Australia's dairy sector.  The S&P/NZX 50 Index advanced 36.28 points, or 0.3 percent, to 10,868.03. Within the index, 27 stocks rose, 16 fell, and seven were unchanged. Turnover was $225.7 million of which F&P Healthcare accounted for $91.9 million.  Stocks across Asia were...

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