MARKET CLOSE: NZ shares up; F&P Healthcare, Auckland Airport gain, Steel & Tube falls

Thu, 01 Sep 2016

By Sophie Boot Sept. 1 (BusinessDesk) - New Zealand shares rose as offshore investors looking for yield were lured to the local bourse. Fisher & Paykel Healthcare and Auckland International Airport led the index higher while Steel & Tube Holdings fell. The S&P/NZX 50 Index rose 24.36 points, or 0.3 percent, to 7,423.19. Within the index, 24 stocks fell, 22 rose and five were unchanged. Turnover was $170.7 million. "There's flow-driven movement from offshore - the desire to hide, invest, call it what you will, in New Zealand continues u...

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