MARKET CLOSE: NZ shares rise; F&P Healthcare gains on soft currency, property stocks advance

Thu, 05 Jun 2014

By Suze Metherell June 5 (BusinessDesk) - New Zealand stocks rose, led by Fisher & Paykel Healthcare as a weak currency improved the manufacturer's export earnings outlook. Property stocks paced the gain as investors mull the pace of interest rate hikes this year. The NZX 50 Index edged up 0.143 points, or 0.003 percent, to 5159.490. Within the index, 22 stocks rose, 21 fell and seven were unchanged. Turnover was $136 million. F&P Healthcare led the benchmark index higher, climbing 2.2 percent to $4.60 and matching its high of last wee...

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