MARKET CLOSE: NZ shares falls as F&P Health gives up gains on record profit

Mon, 27 May 2019

By Paul McBeth May 27 (BusinessDesk) - New Zealand shares fell, with investors locking in recent gains from Fisher & Paykel Healthcare after the medical humidifier and breathing mask maker reported another record profit. The S&P/NZX 50 Index declined 74.65 points, or 0.7 percent, to 10,147.71. Within the index, 27 stocks fell, 14 rose, and nine were unchanged. Turnover was $82.7 million. F&P Healthcare fell 3.5 percent to $16.08 on a volume of 377,000 shares, almost half its 90-day average of 662,000. The manufacturer topped $1 billi...

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