F&P Healthcare bounces from 2-year low

A Fisher & Paykel Healthcare factory in East Tamaki, Auckland. (Image: NZ Herald)

Wed, 20 Apr 2022

New Zealand shares climbed on Wednesday as the benchmark equity index’s largest stock, Fisher & Paykel Healthcare, recovered from its recent two year low.The S&P/NZX 50 Index rose 130 points, or 1.1%, to 11,966.19. Turnover was $164 million.NZ investors were taking their lead from US markets which all bounced overnight on positive earnings reports.“This further reinforced the view that corporate America is coming out of the pandemic strongly, taking the war and surging levels of inflation rather well,” said Greg Smith,...

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