MARKET CLOSE: NZ shares fall amid index reweightings; F&P Health gives up more gains

Tue, 28 May 2019

By Paul McBeth May 28 (BusinessDesk) - New Zealand shares fell in heavy trading as large investors rejigged their portfolios for a semi-annual index review. Fisher & Paykel Healthcare gave up more gains after yesterday's record profit. The S&P/NZX 50 Index fell 24.39 points, or 0.2 percent, to 10,123.32. Within the index, 21 stocks fell, 23 rose, and six were unchanged. Turnover was $264.4 million, of which Auckland International Airport accounted for $48.3 million. Trading was busier than usual with an extended session to allow for s...

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