Healthcare heavyweight leads NZ sharemarket upwards

Fisher & Paykel Healthcare is the biggest influencer on the NZ sharemarket. (Image: Supplied)

Fri, 02 Feb 2024

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...

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