Fisher and Paykel Healthcare drives NZ stocks to weaker finish

Fisher and Paykel fell on news that the US Food and Drug Administration has granted a “fast track” designation for competitor Nasdaq-listed Incannex’s fixed-dose product for the treatment of obstructive sleep apnea. (Image: Supplied)

Jamie Gray

Fri, 05 Dec 2025

Falls in some leading stocks helped mask a positive tone for others, leaving the New Zealand sharemarket lower on the day.The S&P/NZX 50 Index closed down 31.63 points, or 0.23%, to 13,483.99, with 41.3 million shares worth $155m trading.There were 66 gains and 74 falls on the main board.Fisher and Paykel Healthcare (FPH), the market’s biggest stock with a 16% weighting on the S&P/NZX 50 index, dropped 26c to $37.94 but was off its lows for the day and the week.US competitionSalt Funds managing director Matt Goodson said FPH had f...

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