MARKET CLOSE: NZ shares buck global slide on Fisher & Paykel result

Mon, 29 Jun 2020

New Zealand shares rose, led higher by Fisher & Paykel Healthcare which reported a record profit and a positive outlook as the pandemic spurs demand for medical supplies. The S&P/NZX 50 Index rose 123.31 points, or 1.1 percent, to 11,252.54. Within the index, 24 stocks fell, 20 rose, and six were unchanged. Turnover was $106.3 million. The benchmark’s largest stock rose 4.7 percent to a record $33.50 after it beat its earnings guidance, reporting a 37 percent lift in annual profit as demand for its products to treat covid-19 patients so...

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