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F&P Healthcare drags index lower

Dan Brunskill
Wed, 05 May 2021

Dan Brunskill
Wed, 05 May 2021
New Zealand shares fell as Fisher & Paykel Healthcare dropped and global equity investors were spooked by the US treasury secretary raising the prospects of rate hikes.     The S&P/NZX 50 Index fell 63.88 points, or 0.5%, to 12,848.31. Within the index, 21 stocks fell, 20 rose and 9 were unchanged. Just three days ago, Fisher & Paykel Healthcare was trading at $36.45 – a year-to-date record and just fractionally below its all-time high – now it is 5% below that highwater mark at $34.55, after a 2.8% d...

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