MARKET CLOSE: NZ shares mixed, Fisher & Paykel, Air NZ drop while Kiwi Property rebounds

Thu, 18 Jan 2018

By Sophie Boot Jan. 18 (BusinessDesk) - New Zealand shares were mixed as Fisher & Paykel Healthcare fell on the stronger Kiwi dollar while property stocks rebounded from earlier selling. The S&P/NZX50 Index fell 25 points, or 0.3 percent, to 8,272.67. Within the index, 26 stocks rose, 18 fell, and six were unchanged. Turnover was $102 million. "The Kiwi dollar has been going up, so currency-dependent companies are a bit weaker today - stocks like Fisher & Paykel Healthcare," said Craig Stent, executive director and head of equities a...

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