F&P Healthcare shares surge as competitor recalls dangerous products

Tue, 15 Jun 2021

Fisher & Paykel Healthcare shares surged as a competitor recalled millions of breathing devices and ventilators due to safety concerns.The S&P/NZX 50 Index rose 134.22 points, or 1.1%, to 12,696.39. Within the index, 21 stocks fell, 26 rose and three were unchanged. Turnover was high at $650.8 million. Kiwi ventilator manufacturer F&P Healthcare led the market higher, leaping 5.6% to $30.75, with investors trading almost $30 million worth of stock. Hamilton Hindin Greene investment adviser, Grant Davies said the move was l...

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