MARKET CLOSE: NZX 50 rises to record; F&P Healthcare result adds to upbeat NZ Inc sentiment

Fri, 27 May 2016

By Jonathan Underhill May 27 (BusinessDesk) - New Zealand shares rose as better-than-expected full-year earnings from Fisher & Paykel Healthcare added to upbeat sentiment for the local market. Mainfreight, which reported yesterday, and Vital Healthcare Property Trust were among leading gainers. The S&P/NZX 50 Index gained 44.66 points, or 0.6 percent, to 6,992.54, a record-high close. Within the index, 33 shares rose, 10 fell and seven were unchanged. Turnover was $145 million. F&P Healthcare climbed about 1 percent to $10.30 and has g...

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