Market heavyweight drags NZX 50 down

Fisher and Paykel Healthcare slipped and took the NZ sharemarket with it. (Image: Fisher and Paykel)

Fri, 26 May 2023

The weight of expectation pushed Fisher and Paykel Healthcare down more than 6% on the New Zealand sharemarket, which finished the week with a sharp 1% fall.Led by market leader Fisher and Paykel Healthcare, the S&P/NZX 50 Index was down 129.82 points or 1.09% to 11,830.03 and fell 2.5% for the week. The index is still ahead 3% so far this year and up about 6.5% over the past 12 months.There were 52 gainers and 74 decliners on the main board with 32.94 million shares worth $159.17m changing hands.Respiratory devices manufacturer Fisher...

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