MARKET CLOSE: NZ shares rise as F&P advances; Kirk's soars on DJ's deal

Thu, 04 Jun 2015

By Suze Metherell June 4 (BusinessDesk) - New Zealand shares rose as Fisher & Paykel Healthcare rose to a month high. Kirkcaldie & Stains surged after it announced a takeover by Australia's David Jones. The NZX 50 Index rose 6.735 points, or 0.1 percent, to 5865.441. Within the index, 21 stocks rose, 21 fell and eight were unchanged. Turnover was $121 million. F&P Healthcare advanced 3.6 percent to $6.95, just shy of its record high $6.99 in April. Last month, the medical device maker reported a 17 percent gain in annual profit to $1...

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