MARKET CLOSE: NZ shares rise; F&P Healthcare helped by weak dollar, Ryman, Arvida fall

Fri, 20 Oct 2017

By Jonathan Underhill Oct. 20 (BusinessDesk) - New Zealand shares rose as Fisher & Paykel Healthcare led gains among companies that benefit from a weaker kiwi. Ryman Healthcare and Arvida Group led retirement village operators lower on concern the new government's policies may sap demand. The S&P/NZX 50 Index rose 5.48 points, or 0.1 percent, to 8129.55. Within the index, 19 stocks rose, 25 fell and six were unchanged. Turnover was $221 million. The market partly recovered after a broad selloff this morning in the wake of the announc...

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