F&P Healthcare propels share market higher

Fri, 22 Jan 2021

New Zealand’s largest listed company, Fisher & Paykel Healthcare, gave the share market a boost as it surged 5.5 percent after reporting a 73 percent increase in nine-month revenue.The S&P/NZX 50 Index rose 221.24 points, or 1.7 percent, to 13,333.43. Within the index, 27 stocks rose, 18 fell and five were unchanged. Turnover was $201.9 million.After months of the index’s direction being dictated by international trends, local corporate news drove today’s climb while other Asian markets declined on concerns over a covi...

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