F&P Healthcare rally pushes shares higher

Fri, 27 Nov 2020

Fisher & Paykel Healthcare led the market higher as it recovered from a heavy bout of profit-taking after its annual result on Wednesday. The S&P/NZX 50 Index rose 37.81 points, or 0.3 percent, to 12,639.83. Within the index, 29 stocks fell, 16 rose and five were unchanged. Turnover was $137.9 million, a lighter volume due to the Thanksgiving holiday in the United States. Portfolio manager at Milford Asset Management Sam Trethewey said the medical device manufacturer was bouncing back after investors cashed in capital gains fo...

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