MARKET CLOSE: NZ shares dip as A2, F&P Healthcare weigh

MARKET CLOSE: NZ shares dip as A2, F&P Healthcare weigh
Dan Brunskill
New Zealand shares edged lower as the two biggest companies - Fisher & Paykel Healthcare and A2 Milk - weighed on the broader index, following Australia lower amid concerns over the latest wave of new covid-19 cases across the Tasman.  The S&P/NZX 50 Index declined 13.8 points, or 0.1 percent, to 11,722.97. Within the index, 32 stocks rose, 16 fell, and two were unchanged. Turnover was $130.3 million. Australia's S&P/ASX 200 Index was down 1.5 percent in late trading as a record number of new cases in Victoria and growing numbers in New S...

More Markets

Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.