MARKET CLOSE NZ shares rise; F and P Healthcare gains as kiwi falls, Xero at record again

Thu, 14 Mar 2013

March 14 (BusinessDesk) – New Zealand shares rose after the Reserve Bank sparked a drop in the kiwi dollar, lifting prospects for companies with export sales such as Fisher & Paykel Healthcare. Xero rose to a record again, hitting $10 for the first time. The NZX 50 Index rose 39.95 points, or 0.9 percent, to 4381.09. Within the index, 26 stocks rose, 14 fell and 10 were unchanged. Turnover was $159.8 million. F&P Healthcare, which raised its full-year guidance last month even in the face of a strong kiwi dollar, gained 3.4 percent to $2.71,...

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