MARKET CLOSE NZ shares rise, led by F and P Healthcare on weaker kiwi

Mon, 20 May 2013

May 20 (BusinessDesk) – New Zealand shares edged higher, led by Fisher & Paykel Healthcare and NZX, while concerns about the Australian housing market weighed on Fletcher Building. The NZX 50 Index rose 0.81 points, or 0.01 percent, to 4598.65. Within the index, 22 stocks rose, 20 fell and eight were unchanged. Turnover was $130 million. The kiwi dollar has tumbled more than 4 US cents this month and recently traded at 81.22 US cents, providing some relief for companies that make sales in US dollars and have to repatriate their revenue. F&P...

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