Healthcare heavyweight leads NZ sharemarket upwards

Healthcare heavyweight leads NZ sharemarket upwards
Fisher & Paykel Healthcare is the biggest influencer on the NZ sharemarket. (Image: Supplied)
Graham Skellern
Heavyweight Fisher & Paykel Healthcare had a strong rise, leading the New Zealand sharemarket to its highest level in nearly six months.The S&P/NZX 50 Index traded consistently until a late dip and closed at 11,931.23, up 14.45 points or 0.12% – after reaching 11,934.24 on Aug 7 last year. The index climbed nearly 0.5% for the week.There were 87 gainers and 46 decliners over the whole market on volumes of 26.37 million share transactions worth $87.54m.Paul Robertshawe, chief investment officer with Octagon Asset Management, said t...

More Markets

NZ sharemarket has its best week of 2024
Markets Market Close

NZ sharemarket has its best week of 2024

The S&P/NZX 50 closed at 12,134.97, up 76.68 points or 0.64%.

Graham Skellern 12 Jul 2024
Smartpay investors vote in favour of 25% director fees increase
Markets

Smartpay investors vote in favour of 25% director fees increase

Smartpay is increasing the amount of money available to pay directors as it looks to grow.

John Anthony 12 Jul 2024
Warehouse Group to cut jobs at its head office
Retail

Warehouse Group to cut jobs at its head office

The company had already indicated last month that it was looking to trim staffing.

Gregor Thompson 12 Jul 2024
Infratil retail offer brings in $275m
Markets

Infratil retail offer brings in $275m

Offer was part of a wider $1.275 billion equity raising.

John Anthony 12 Jul 2024