F&P Healthcare bounces from 2-year low

F&P Healthcare bounces from 2-year low
A Fisher & Paykel Healthcare factory in East Tamaki, Auckland. (Image: NZ Herald)
Dan Brunskilll
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,...

More Markets

NZ sharemarket starts week up 0.6%
Markets Market Close

NZ sharemarket starts week up 0.6%

The S&P/NZX 50 Index closed at 13,449.85, up 80.45 points or 0.6%.

Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Gentrack in the hunt for 10 new customers
Markets

Gentrack in the hunt for 10 new customers

Shares climb more than 14% on hopes of at least three or four new customers.  

Another solar farm gets the nod from Genesis
Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...